NEW ORLEAN – (AFTERNOON PRAYER) – Louisiana Vice Attorney Charles C. Foti, Jr., Esq., Partner at Kahn Swick & Foti, LLC (“KSF”) law firm, announces that KSF has initiated an investigation into SolarWinds Corporation (NYSE: SWI).
In December 2020, news outlets reported that the Company was the target of a major cyberattack that took advantage of the Company’s monitoring software to attract government agencies and private sector companies, he confirmed. the Company the next day, revealing that “vulnerabilities were added to the Orion Product and were in updates published between March and June 2020.” Subsequent press reports revealed that informed the Company of the vulnerabilities the previous year and even after realizing that their software had been compromised, the malicious updates were still available for download, which including nine government agencies and eventually more than 100 others. groups.
Subsequently, the Company and some of their officers were prosecuted in a securities class action lawsuit, charging them for failure to disclose substantive information during the Class Period, going to the against federal securities laws, which are still pending.
The KSF investigation focuses on whether SolarWinds officers and / or directors violated their fiduciary duties to SolarWinds shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or if you have been a long-term owner of SolarWinds shares and would like to discuss your legal rights, you can, at no obligation or expense to you, call toll-free at 1-877 -515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse -swi / to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana lawyer Charles C. Foti, Jr., is one of the nation’s leading boutique law firms. KSF serves a variety of clients – including public institution investors, hedge funds, cash managers and retail investors – in trying to recoup investment losses due to corporate fraud. and misconduct by public trading companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.