Hunton Andrews Kurth writes: In a surprising development in the US Securities and Exchange Commission’s (“SEC’s”) ongoing securities fraud case against SolarWinds Corp. (“SolarWinds”) and its former chief information security officer (“CISO”), Timothy Brown, all three parties have petitioned the judge for a stay pending final settlement. Until the SEC’s four commissioners can vote to…
Tag: SolarWinds
SolarWinds Seeks Dismissal of ‘Unfounded’ SEC Cybersecurity Suit
Skye Witley reports: SolarWinds Corp. issued a full-throated denial of wrongdoing in how it handled one of the worst cyberattacks in history in a Friday court filing seeking the dismissal of US Securities and Exchange Commission allegations that its software security representations defrauded investors and violated rules on controls. SolarWinds argued that it disclosed risks…