Court in SolarWinds Case Blows Down SEC’s Cyber Enforcement Authority

The U.S. District Court for the Southern District of New York on July 18, 2024, dismissed most of the SEC’s landmark cyber enforcement litigation against SolarWinds Corp. (SolarWinds or the Company) and the Company’s Chief Information Security Officer (CISO) Timothy Brown. In a 107-page opinion in Securities and Exchange Commission v. SolarWinds Corp. & Timothy G. Brown, Judge Paul Engelmayer rejected the SEC’s efforts to expand the Securities Exchange Act’s “internal accounting controls”…
By: Holland & Knight LLP