United States of America: SEC lawsuit against SolarWinds for allegedly misleading investors about its cybersecurity practices

Progress

Current status
in force
18 Jul 2024 in force
30 Oct 2023 under deliberation

Scope

Implementers
United States of America
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
software provider: other software
Government Branch
judiciary
executive
Government Body
court
other regulatory body
Implementation Level
national

Timeline of events

18 Jul 2024
in force

Issued ruling in SEC lawsuit against SolarWinds for allegedly misleading investors about its cybersecurity practices

On 18 July 2024, the Southern District Court of New York issued a ruling in the US Securities and Exchange Commission's enforcement action against SolarWinds Corporation for allegedly misleading investors about its cybersecurity practices. The Court…

Source
Event type public lawsuit
Action type ruling
Government branch judiciary
Government body court
30 Oct 2023
under deliberation

Filed SEC lawsuit against SolarWinds for allegedly misleading investors about its cybersecurity practices

On 30 October 2023, the US Securities and Exchange Commission (SEC) announced that it filed a lawsuit against SolarWinds Corporation for allegedly misleading investors about its cybersecurity practices and known vulnerabilities. SolarWinds is a Texa…

Source
Event type public lawsuit
Action type announcement
Government branch executive
Government body other regulatory body