
As I have noted in numerous posts on this site (most recently here), plaintiffs’ lawyers seem drawn to filing D&O claims against companies that have experience cybersecurity incidents. But as I have also noted, the plaintiffs’ lawyers’ track record in these cases is not particularly good. However, as discussed in the following guest post by Jarett Sena, Director of Litigation Analysis, ISS Securities Class Action Services, the cybersecurity-related securities class action lawsuit pending against SolarWinds recently resulted in a significant and noteworthy settlement. This article previously was published on ISS Securities Services’ ISS Insights. I would like to thank Jarett and ISS Securities Class Action Services for allowing me to publish this article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Jarett’s article.
Continue Reading Guest Post: SolarWinds Agrees to $26 Million Payout Over Massive Data Breach