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AI Cybersecurity Platform SentinelOne Hit With Securities Class Action | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware

SentinelOne, a cybersecurity platform that employs AI in threat detection and response, CEO Tomer Weingarten and CFO David Bernhardt were hit with a securities class action Friday in California Northern District Court. The suit, filed by Pomerantz LLP and Wohl & Fruchter, accuses the defendants of failing to disclose that the company lacked effective internal controls over accounting and financial reporting, which led to the annualized recurring revenue being overstated. Counsel have not yet appeared for the defendants. The case is 3:23-cv-02982, Nyren v. SentinelOne, Inc. et al.

This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.


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National Cyber Security