Judge dismisses much of SEC suit against SolarWinds over cybersecurity disclosures

District Court Judge dismissed most SEC claims against SolarWinds over cybersecurity breach, citing lack of actionable deficiencies and impermissible reliance on hindsight.

Ruling sustained securities fraud claims related to pre-breach statements but dismissed other SEC claims, viewed as a victory for industry officials fearing a chilling effect on security investigations.

Read at CyberScoop