SolarWinds Misled Investors Ahead of Server Hack, Suit Says (1)

SolarWinds Corp. misled investors about product vulnerabilities that allowed hackers to pass malware to multiple clients, including Microsoft and the federal government, a would-be class suit filed Monday in federal court in Texas says.

The technology company purportedly failed to disclose how its update server had a simple, easily accessible password, the complaint filed in the U.S. District Court for the Western District of Texas says.

SolarWinds warned investors of the risk of a security breach or disruption in multiple Securities and Exchange Commission filings in 2019 and 2020. But it didn’t disclose that its Orion monitoring products had ...