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Case Status:    DISMISSED    
On or around 09/22/2015 (Court's order of dismissal)

Filing Date: July 31, 2015

According to the law firm press release, SolarWinds and its subsidiaries design, develop, market, sell and support enterprise-class information technology (“IT”) infrastructure management software to IT professionals in organizations of all sizes. The Company’s products are purportedly designed to help enable efficient and effective management of IT networks, systems and application infrastructure.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose, among others: (1) that the Company’s domestic business was struggling against the Company’s expectations; (2) that the Company’s license sales growth of core license products and resulting license revenue was lower than expectations and guidance; (3) that the overall quality of the “demand capture” the Company was garnering for certain core products was dropping; and, (4) that, as a result of the foregoing, defendants’ statements were materially false and misleading at all relevant times. On July 16, 2015, after the market closed, the Company disclosed its revenues for the second quarter of 2014 fell below analyst expectations and lowered revenue guidance for the next few quarters.

This case was voluntarily dismissed on September 17, 2015.


Sector: Technology
Industry: Software & Programming
Headquarters: United States


Ticker Symbol: SWI
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Texas
DOCKET #: 15-CV-00652
JUDGE: Hon. Sam Sparks
DATE FILED: 07/31/2015
CLASS PERIOD END: 07/16/2015
  1. Glancy Prongay & Murray LLP
  2. Kendall Law Group, LLP
  3. Law Offices of Howard G. Smith
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available