ROSEN, A LEADING AND LONGSTANDING LAW FIRM, Files Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm – SWI
NEW YORK, Jan. 06, 2021 (GLOBE NEWSWIRE) – Rosen law firm, a global investor rights law firm, announced that it filed a class action lawsuit on behalf of buyers of the securities of SolarWinds Corporation (NYSE: SWI) between February 24, 2020 and December 15, 2020 inclusive (the “Class Period”). The lawsuit aims to seek compensation for SolarWinds investors under federal securities laws.
To participate in the SolarWinds class action lawsuit, go to http://www.rosenlegal.com/cases-register-2012.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for class action information.
According to the lawsuit, throughout the class period, defendants made false and / or misleading statements and / or failed to disclose that: (1) SolarWinds Orion monitoring products had a vulnerability since mid-2020 that allowed hackers to compromise the server on which the products ran; (2) The SolarWinds update server had the easily accessible password “solarwinds123”. (3) As a result, SolarWinds customers, including the federal government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks. (4) As a result, the company would suffer significant reputational damage. and (5) as a result, defendants’ statements about the business, operations and prospects of SolarWinds were materially false and misleading and / or were on an unreasonable basis at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.
A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must move the court no later than March 5, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. To join the litigation, please visit http://www.rosenlegal.com/cases-register-2012.html or contact Phillip Kim, Esq. To discuss your rights or interests in relation to this class action lawsuit . the law firm Rosen free of charge at 866-767-3653 or by email at email@example.com or firstname.lastname@example.org.
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. An investor’s ability to get involved in a potential future recovery does not depend on being the lead plaintiff.
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Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted into the top 3 every year since 2013. The law firm Rosen has achieved the largest ever class action lawsuit for securities against a Chinese company. Rosen Law Office attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
New York, NY 10016
Tel .: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827