Frankfurt Kurnit Klein & Selz reposted this
A ruling in the U.S. Securities and Exchange Commission action against SolarWinds swept away much of the basis that the SEC relied upon in its amended complaint. Practically speaking, the focus by companies (public and private) on public security statements goes up, and those statements may become few and far between. Also, securities lawyers will be able to continue tried and true practices on cybersecurity securities disclosure. And, the focus on enhanced disclosure controls during an incident continues.
Chip Block
1mo
This is a very important read. This is one of the first cases around the Federal Government strategy of improving cybersecurity through regulation.
Sr. Counsel at Juniper Square
1moGood timing given Crowdstrike's recent fun. Will be interesting see how how the Crowdstrike fallout compares to how Solarwinds went.