SolarWinds Corp. will pay $26 million to settle an investor suit alleging it failed to disclose security vulnerabilities before a massive cyberattack, under an agreement given final approval by a federal court.
Investors alleged the technology company misled them about its security practices before announcing a suspected Russian hack in late 2020, causing the value of its stock to drop sharply.
The attack on SolarWinds led to secondary attacks on nine US agencies and around 100 businesses, according to the White House.
- Judge Robert Pitman of the US District Court for the Western District of Texas entered judgment approving the …
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