{"id":408832,"date":"2021-01-05T12:47:36","date_gmt":"2021-01-05T17:47:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=408832"},"modified":"2021-01-05T12:47:36","modified_gmt":"2021-01-05T17:47:36","slug":"equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/","title":{"rendered":"EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm &#8211; SWI"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Jan. 5, 2021<\/span> \/PRNewswire\/ &#8212; Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of SolarWinds Corporation (NYSE: SWI) between <span class=\"xn-chron\">February 24, 2020<\/span> and <span class=\"xn-chron\">December 15<\/span>, 2020,\u00a0inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for SolarWinds investors under the federal securities laws.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/405060\/Rosen_Law_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/405060\/Rosen_Law_Logo.jpg\" title=\"Rosen Law Firm, P.A. Logo\" alt=\"Rosen Law Firm, P.A. Logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>To join the SolarWinds class action, go <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3026496-1&amp;h=633634009&amp;u=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-2012.html&amp;a=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-2012.html\" rel=\"nofollow noopener noreferrer\">http:\/\/www.rosenlegal.com\/cases-register-2012.html<\/a>\u00a0or call <span class=\"xn-person\">Phillip Kim, Esq.<\/span> toll-free at 866-767-3653 or email <a target=\"_blank\" href=\"mailto:pkim@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">pkim@rosenlegal.com<\/a>\u00a0or <a target=\"_blank\" href=\"mailto:cases@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n<p>According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran; (2) SolarWinds&#8217; update server had an easily accessible password of &#8216;solarwinds123&#8242;; (3) consequently, SolarWinds&#8217; customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks; (4) as a result, the Company would suffer significant reputational harm; and (5) as a result, Defendants&#8217; statements about SolarWinds&#8217;s business, operations and prospects were materially false and misleading and\/or lacked a reasonable basis at all relevant times.\u00a0When the true details entered the market, the lawsuit claims that investors suffered damages. <\/p>\n<p>A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court <b>no later than <span class=\"xn-chron\">March 5, 2021<\/span><\/b>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3026496-1&amp;h=633634009&amp;u=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-2012.html&amp;a=http%3A%2F%2Fwww.rosenlegal.com%2Fcases-register-2012.html\" rel=\"nofollow noopener noreferrer\">http:\/\/www.rosenlegal.com\/cases-register-2012.html<\/a>\u00a0or to discuss your rights or interests regarding this class action, please contact <span class=\"xn-person\">Phillip Kim, Esq.<\/span> of Rosen Law Firm toll free at 866-767-3653 or via e-mail at <a target=\"_blank\" href=\"mailto:pkim@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">pkim@rosenlegal.com<\/a> or <a target=\"_blank\" href=\"mailto:cases@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">cases@rosenlegal.com<\/a>.<\/p>\n<p>NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR&#8217;S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n<p>Follow us for updates on LinkedIn: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3026496-1&amp;h=3004634067&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm&amp;a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm\" rel=\"nofollow noopener noreferrer\">https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3026496-1&amp;h=2306038151&amp;u=https%3A%2F%2Ftwitter.com%2Frosen_firm&amp;a=https%3A%2F%2Ftwitter.com%2Frosen_firm\" rel=\"nofollow noopener noreferrer\">https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3026496-1&amp;h=771232555&amp;u=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm&amp;a=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm\" rel=\"nofollow noopener noreferrer\">https:\/\/www.facebook.com\/rosenlawfirm<\/a>. <\/p>\n<p>Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm&#8217;s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. <\/p>\n<p>Contact Information:<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0 <span class=\"xn-person\">Laurence Rosen, Esq.<\/span><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <span class=\"xn-person\">Phillip Kim, Esq.<\/span><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 The Rosen Law Firm, P.A.<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 275 Madison Avenue, 40<sup>th<\/sup> Floor<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <span class=\"xn-location\">New York<\/span>, NY\u00a0 10016<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 Tel: (212) 686-1060<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 Toll Free: (866) 767-3653<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 Fax: (212) 202-3827<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:lrosen@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">lrosen@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:pkim@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">pkim@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:cases@rosenlegal.com\" rel=\"nofollow noopener noreferrer\">cases@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3026496-1&amp;h=3835117131&amp;u=http%3A%2F%2Fwww.rosenlegal.com%2F&amp;a=www.rosenlegal.com\" rel=\"nofollow noopener noreferrer\">www.rosenlegal.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC37783&amp;sd=2021-01-05\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm--swi-301201200.html\">http:\/\/www.prnewswire.com\/news-releases\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm&#8211;swi-301201200.html<\/a><\/p>\n<p>SOURCE  Rosen Law Firm, P.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC37783&amp;Transmission_Id=202101051244PR_NEWS_USPR_____DC37783&amp;DateId=20210105\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Jan. 5, 2021 \/PRNewswire\/ &#8212; Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of SolarWinds Corporation (NYSE: SWI) between February 24, 2020 and December 15, 2020,\u00a0inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for SolarWinds investors under the federal securities laws. To join the SolarWinds class action, go http:\/\/www.rosenlegal.com\/cases-register-2012.html\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com\u00a0or cases@rosenlegal.com\u00a0for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm &#8211; SWI&#8221;<\/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-408832","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm - SWI - 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\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm - SWI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Jan. 5, 2021 \/PRNewswire\/ &#8212; Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of SolarWinds Corporation (NYSE: SWI) between February 24, 2020 and December 15, 2020,\u00a0inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for SolarWinds investors under the federal securities laws. To join the SolarWinds class action, go http:\/\/www.rosenlegal.com\/cases-register-2012.html\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com\u00a0or cases@rosenlegal.com\u00a0for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to &hellip; Continue reading &quot;EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm &#8211; SWI&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-05T17:47:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/405060\/Rosen_Law_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; 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Encourages Investors with Losses in Excess of $100K to Contact Firm - SWI - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/","og_locale":"en_US","og_type":"article","og_title":"EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm - SWI - Market Newsdesk","og_description":"PR Newswire NEW YORK, Jan. 5, 2021 \/PRNewswire\/ &#8212; Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of SolarWinds Corporation (NYSE: SWI) between February 24, 2020 and December 15, 2020,\u00a0inclusive (the &#8220;Class Period&#8221;). The lawsuit seeks to recover damages for SolarWinds investors under the federal securities laws. To join the SolarWinds class action, go http:\/\/www.rosenlegal.com\/cases-register-2012.html\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com\u00a0or cases@rosenlegal.com\u00a0for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to &hellip; Continue reading \"EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; Encourages Investors with Losses in Excess of $100K to Contact Firm &#8211; SWI\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-05T17:47:36+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/405060\/Rosen_Law_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-a-top-ranked-law-firm-files-first-securities-class-action-lawsuit-against-solarwinds-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-swi\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Files First Securities Class Action Lawsuit Against SolarWinds Corporation; 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