SolarWinds’ $26 Million Deal in Russian-Hack Suit Gets Final Nod
SolarWinds’ $26 Million Deal in Russian-Hack Suit Gets Final Nod
Christopher Brown
Christopher Brown
Staff Correspondent
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Deal returns 13% to 20% of investors’ losses
Hack led to attacks on businesses, nine US agencies
SolarWinds Corp. will pay $26 million to settle an investor suit alleging it failed to disclose security vulnerabilities before a massive cyberattack, under an agreement given final approval by a federal court.
Investors alleged the technology company misled them about its security practices before announcing a suspected Russian hack in late 2020, causing the value of its stock to drop sharply.
The attack on SolarWinds led to secondary attacks on nine US agencies and around 100 businesses, according to the White House.
Judge Robert Pitman of the US District Court for the Western District of Texas entered judgment approving the ...
Christopher Brown
Christopher Brown
Staff Correspondent
Share To:
Facebook icon
LinkedIn icon
Twitter icon
Print icon
Email icon
Deal returns 13% to 20% of investors’ losses
Hack led to attacks on businesses, nine US agencies
SolarWinds Corp. will pay $26 million to settle an investor suit alleging it failed to disclose security vulnerabilities before a massive cyberattack, under an agreement given final approval by a federal court.
Investors alleged the technology company misled them about its security practices before announcing a suspected Russian hack in late 2020, causing the value of its stock to drop sharply.
The attack on SolarWinds led to secondary attacks on nine US agencies and around 100 businesses, according to the White House.
Judge Robert Pitman of the US District Court for the Western District of Texas entered judgment approving the ...
