US District Judge dismissed SEC's post-SUNBURST claims against SolarWinds for misleading investors post cyberattack. Claims were rejected due to reliance on hindsight and speculation.
Judge Engelmayer upheld SEC's securities fraud claims pre-SUNBURST regarding SolarWinds' alleged misrepresentation of Orion product security practices and information. Internal controls and procedures claims dismissed.
#sec-lawsuit #solarwinds #cybersecurity-practices #supply-chain-attack #securities-fraud-allegations
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