U.S. Judge Dismisses Most Of SEC Lawsuit Accusing SolarWinds Of Concealing Cyber Risks Prior To Hacking
Portfolio Pulse from Benzinga Newsdesk
A U.S. judge has dismissed most of the SEC's lawsuit against SolarWinds, which accused the company of concealing cyber risks prior to a hacking incident.
July 18, 2024 | 2:02 pm
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A U.S. judge has dismissed most of the SEC's lawsuit against SolarWinds, which accused the company of concealing cyber risks prior to a hacking incident.
The dismissal of most of the SEC's lawsuit is likely to be seen as a positive development for SolarWinds, reducing legal uncertainties and potential liabilities. This could lead to a short-term positive impact on the stock price.
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