The U.S. Securities and Exchange Commission will drop its landmark lawsuit against SolarWinds Corp. that accused the company of covering up internal problems ahead of a massive cyberattack.
The SEC, the software company and its top information security official jointly asked a federal court in Manhattan to end the case, according to an agreement filed on Thursday. The agency and Solarwinds in July said they had reached an agreement to settle the allegations.
The agency said the decision to seek dismissal is “in the exercise of its discretion” and “does not necessarily reflect the Commission’s