financetom
Business
financetom
/
Business
/
US judge dismisses most of SEC lawsuit against SolarWinds concerning cyberattack
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US judge dismisses most of SEC lawsuit against SolarWinds concerning cyberattack
Jul 18, 2024 7:25 AM

NEW YORK, July 18 (Reuters) - A U.S. judge dismissed

much of the U.S. Securities and Exchange Commission's lawsuit

accusing software company SolarWinds ( SWI ) of defrauding

investors by hiding security weaknesses before and after a

massive cyberattack targeting the U.S. government.

U.S. District Judge Paul Engelmayer in Manhattan said the

SEC can pursue a securities fraud claim based on a statement on

SolarWinds' ( SWI ) website prior to the so-called Sunburst attack about

the company's cybersecurity practices.

He dismissed all other claims based on pre-Sunburst

disclosures, and said all claims regarding post-Sunburst

disclosures were based on "hindsight and speculation" and also

required dismissal.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Teledyne beats Q2 profit expectations, raises FY EPS forecast
Teledyne beats Q2 profit expectations, raises FY EPS forecast
Jul 23, 2025
Overview * Teledyne Q2 2025 sales rise 10.2% to $1.51 bln, beating expectations * Adjusted EPS for Q2 2025 exceeds analyst estimates, per LSEG data * Co, which makes aerospace and defense electronics, raises full year EPS outlook * Co increases stock repurchase authorization to $2.0 bln, replacing previous authorization Outlook * Teledyne ( TDY ) raises full-year 2025 GAAP...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BankUnited Q2 Earnings, Revenue Rise
BankUnited Q2 Earnings, Revenue Rise
Jul 23, 2025
07:06 AM EDT, 07/23/2025 (MT Newswires) -- BankUnited ( BKU ) reported Q2 earnings Wednesday of $0.91 per diluted share, up from $0.72 a year earlier. Analysts polled by FactSet expected $0.76. Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $273.9 million up from $250.2 million a year...
CME's second-quarter profit rises on higher trading activity
CME's second-quarter profit rises on higher trading activity
Jul 23, 2025
(Reuters) -Derivatives exchange CME Group ( CME ) reported a higher second-quarter profit on Wednesday, as record volatility boosted demand for its products, which are often used to hedge against macroeconomic uncertainty. The company, which facilitates trading of futures and options, benefits during volatile periods, as seen with the onset of U.S. President Donald Trump's seesawing tariffs in early April....
Copyright 2023-2026 - www.financetom.com All Rights Reserved