The U.S. Securities and Exchange Commission and software company SolarWinds Corp. have reached a settlement, ending a federal lawsuit that alleged investor fraud and known cybersecurity vulnerabilities.
Early this month the SEC and SolarWinds jointly filed to stay the case, a request that was quickly granted by District Court Judge Paul A. Engelmayer in the South District of New York.
That parties said they “have reached a settlement in principle that would completely resolve this litigation” and requested a pause in the case to finalize paperwork and allow SEC commissioners to approve the settlement. According