San Diego, CA -- (SBWire) -- 04/28/2021 --Certain directors of SolarWinds Corporation are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in SolarWinds Corporation (NYSE: SWI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: SWI stocks follows a lawsuit filed against SolarWinds Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SWI stocks, concerns whether certain SolarWinds directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran, that SolarWinds' update server had an easily accessible password of 'solarwinds123', that consequently, SolarWinds' customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks, that as a result, the Company would suffer significant reputational harm, and that as a result, Defendants' statements about SolarWinds's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of SolarWinds Corporation (NYSE: SWI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NYSE:SWI Long Term Investor Notice: Investigation of Potential Wrongdoing at SolarWinds Corporation
An investigation on behalf of current long term investors in SolarWinds Corporation (NYSE:SWI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.