Press release
Investigation announced for Investors in shares of SolarWinds Corporation (NYSE: SWI)
An investigation for investors in SolarWinds Corporation (NYSE: SWI) shares over potential securities laws violations by SolarWind
Investors who purchased shares of SolarWinds Corporation (NYSE: SWI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by SolarWinds Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Austin, TX based SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. SolarWinds Corporation reported that its annual Total Revenue rose from $833.08 million in 2018 to $932.52 million in 2019 and that its EBIT increased from $20.29 million in 2018 to $135.57 million in 2019.
On December 13, 2020 it was reported that state-sponsored hackers are believed to have penetrated the IT systems of federal government agencies by manipulating software updates released by SolarWinds.
SolarWinds Corporation disclosed on December 14, 2020, that the hackers targeted its Orion monitoring product, interfering with updates between March and June 2020.
Shares of SolarWinds Corporation (NYSE: SWI) declined from $24.34 per share on December 9, 2020, to as low as $13.98 per share on December 18, 2020.
Those who purchased shares of SolarWinds Corporation (NYSE: SWI) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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