SolarWinds Investors Sue Directors

By Benzinga
Benzinga
Benzinga
November 8, 2021 Updated: November 8, 2021

SolarWinds Corp. investors prosecuted the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to the company, Reuters reports.

The lawsuit named a mix of current and former directors as defendants.

The investors alleged that the board failed to implement procedures to monitor cybersecurity risks.

They sought damages and to reform the company’s policies on cybersecurity oversight.

Malicious code inserted into one of the company’s software updates left U.S. government agencies and companies exposed in December 2020.

By Anusuya Lahiri

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