PHILADELPHIA, Dec. 19, 2020 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating SolarWinds Corp. (NYSE: SWI) (“SolarWinds”) on behalf of the company’s stockholders.
On December 13, 2020, Reuters reported that SolarWinds disclosed that “monitoring products it released in March and June of this year may have been surreptitiously tampered with in a ‘highly-sophisticated, targeted and manual supply chain attack by a nation state.’” Reuters also reported that the SolarWinds’ hack “was used to compromise the company’s emails” and possibly gather other data as well.
Following this news, shares of SolarWind’s stock declined $3.93 per share, or nearly 17% in value, to close on December 14, 2020 at $19.62 per share, on heavy trading volume. Shares of the Company’s stock continued to decline in value over the following days as additional information about the hack was disclosed to investors.
SolarWinds shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/solarwinds-corp/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com