Shareholders Claim SolarWinds Failed to Disclose Info About Massive Hack

Shareholders of Austin-based software firm SolarWinds claim in a federal class action lawsuit filed Monday that management misled investors by failing to disclose in public filings software vulnerabilities that ultimately led to a massive hack that affected over 18,000 private and government clients.

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Defrauding Cops

The SEC claims in a federal complaint that Victor Lee Farias, of Fair Oaks, Texas, and his company Integrity Aviation & Leasing “defrauded investors — many of whom were retired San Antonio Police Department officers or first responders — out of more than $14 millionthrough a fraudulent investment scheme,” featuring “Ponzi payments.”

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