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Join the Securities Litigation and Enforcement Group on LinkedInSEC Sues SolarWinds and its CISO for Fraud and Other Violations Related to Massive Data Breach | Katten Muchin Rosenman LLP – JDSupra
Notably, the CISO is the only individual defendant named in the SEC’s suit, even though the Commission previously sent Wells Notices to other SolarWinds officers and employees. As we discussed in a prior post, SolarWinds previously disclosed that “certain current and former executive officers and employees” had received Wells Notices stating “that the SEC staff […]
What Does the SEC’s Complaint Against SolarWinds Mean for CISOs and Boards? | Skadden
The SEC’s complaint charges SolarWinds and Brown with direct anti-fraud violations for alleged misstatements as well as direct and secondary liability against them for internal controls violations. This case marks a significant precedent, as it is the first instance where the SEC charged a CISO with fraud, representing a profound departure from its traditional focus […]