Bloomberg Law
Nov. 3, 2022, 9:59 PM

SolarWinds Settles Investor Claims Brought Over Cyberattack

Andrea Vittorio
Andrea Vittorio

SolarWinds Corp. has agreed to settle claims that the company misled investors about vulnerabilities ahead of a rippling cyberattack, according to a legal filing.

The Thursday notice to a Texas federal court doesn’t detail the terms of the proposed settlement, which must be approved by a judge. SolarWinds said in a regulatory submission the same day that it agreed to pay $26 million to settle a securities class action lawsuit.

SolarWinds and lawyers involved in the Texas case didn’t immediately respond to requests for comment on the settlement.

The software provider also faces related scrutiny from the Securities and Exchange ...