On December 13, 2020, it was reported in Reuters that the IT systems of federal government agencies were penetrated by state-sponsored hackers, who manipulated software updates released by SolarWinds. On December 14, 2020, SolarWinds disclosed that its Orion monitoring product was targeted by hackers, which interfered with updates between March and June 2020. On December 14, 2020, shares of SolarWinds dropped by 17% based on this news.
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The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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