NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SolarWinds Corporation (NYSE: SWI) resulting from allegations that SolarWinds may have issued materially misleading business information to the investing public.
On December 13, 2020, Reuters reported that hackers alleged to be working for the Russian government had monitored email traffic at the U.S. Treasury and Commerce departments and that the alleged hackers are believed to have gained access to the agencies’ email traffic by deceptively interfering with updates released by SolarWinds, which services various government vendors in the executive branch, the military, and the intelligence services. On December 14, 2020, SolarWinds disclosed that it had evidence that the software weaknesses at issue originated in the Company’s Orion monitoring products and existed in updates released between March and June 2020.
On this news, SolarWinds’ stock price fell $3.93 per share, or 17%, to close at $19.62 per share on December 14, 2020.
Rosen Law Firm is preparing a securities lawsuit on behalf of SolarWinds shareholders. If you purchased securities of SolarWinds please visit the firm’s website at http://www.rosenlegal.com/cases-register-2012.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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