{"id":408642,"date":"2021-01-05T09:06:23","date_gmt":"2021-01-05T14:06:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=408642"},"modified":"2021-01-05T09:06:23","modified_gmt":"2021-01-05T14:06:23","slug":"shareholder-action-reminder-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-solarwinds-corporation-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-reminder-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-solarwinds-corporation-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\/","title":{"rendered":"SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against SolarWinds Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm"},"content":{"rendered":"

<\/p>\n

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against SolarWinds Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Schall Law Firm<\/a>, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against SolarWinds Corporation (\u201cSolarWinds\u201d or \u201cthe Company\u201d) (NYSE: SWI<\/a>) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\n<\/p>\n

\nInvestors who purchased the Company’s securities between February 24, 2020 and December 15, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before March 5, 2021.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here to participate<\/a>.\n<\/p>\n

\nWe also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com<\/a>, or by email at brian@schallfirm.com<\/a>.\n<\/p>\n

\nThe class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.\n<\/p>\n

\nAccording to the Complaint, the Company made false and misleading statements to the market. SolarWinds\u2019 Orion monitoring product suffered from a vulnerability since the middle of 2020 that allowed hackers to force access to servers running the compromised software. The Company\u2019s update server was not adequately secured, for example, its password was \u201csolarwinds123.\u201d The Company\u2019s customers, including Microsoft, the Federal government, and others were left vulnerable to hackers. This vulnerability and subsequent hacks of these organizations led to severe reputational harm for the Company. Based on these facts, the Company\u2019s public statements were false and materially misleading throughout the class period. When the market learned the truth about SolarWinds, investors suffered damages.\n<\/p>\n

Join the case<\/a> to recover your losses.\n<\/p>\n

\nThe Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210105005584\/en\/<\/a><\/span><\/p>\n

\nThe Schall Law Firm
\n
Brian Schall, Esq.,
\n
www.schallfirm.com
\n<\/a>
Office: 310-301-3335
\n
info@schallfirm.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against SolarWinds Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against SolarWinds Corporation (\u201cSolarWinds\u201d or \u201cthe Company\u201d) (NYSE: SWI) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between February 24, 2020 and December 15, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before March 5, 2021. If you are a shareholder who suffered … <\/p>\n

Continue reading “SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against SolarWinds Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-408642","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against SolarWinds Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-reminder-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-solarwinds-corporation-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against SolarWinds Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against SolarWinds Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against SolarWinds Corporation (\u201cSolarWinds\u201d or \u201cthe Company\u201d) (NYSE: SWI) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between February 24, 2020 and December 15, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before March 5, 2021. 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Investors who purchased the Company’s securities between February 24, 2020 and December 15, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before March 5, 2021. 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