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Judge Nukes SEC Claims Against SolarWinds: A Cybersecurity Comedy of Errors
Judge tosses post-SUNBURST claims in SEC lawsuit against SolarWinds, calling them speculative. SolarWinds celebrates, SEC grumbles. Meanwhile, pre-SUNBURST securities fraud claims still stand. Stay tuned for the next thrilling courtroom saga!
Hot Take:
Looks like SolarWinds found a patch for the SEC’s lawsuit, but there’s still a bug or two left to squash!
Key Points:
- Judge dismissed most of the SEC’s claims against SolarWinds related to the post-SUNBURST incident.
- The SEC accused SolarWinds and its CISO of misleading investors about their security practices following the SUNBURST attack.
- The judge found the SEC’s claims relied on hindsight and speculation.
- However, allegations of securities fraud based on pre-SUNBURST statements about Orion’s security are still in play.
- SolarWinds is pleased with the dismissal and looks forward to presenting its own evidence.
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