SolarWinds Corporation Class Action Lawsuit - SWI

Company
SolarWinds Corporation (NYSE: SWI)
Lead Plaintiff Deadline
March 5, 2021 (Expired)
Class Period
October 18, 2018 - December 17, 2020

Expired

Lead Plaintiff Deadline

Mar 5, 2021

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Allegations

(1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran; (2) SolarWinds’ update server had an easily accessible password of ‘solarwinds123’; (3) consequently, SolarWinds’ customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks; (4) as a result, the Company would suffer significant reputational harm; and (5) as a result, Defendants’ statements about SolarWinds’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Eligibility

In order to be eligible to join the SWI class action lawsuit, you must have incurred a loss on shares of SolarWinds purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in SolarWinds during the relevant time frame or pursuant to the relevant offering(s), you have until March 5, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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