SolarWinds Securities Litigation

The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.

The Court-appointed Lead Plaintiff, New York City District Council of Carpenters Pension Fund (“Lead Plaintiff”), on behalf of itself and the other members of the Settlement Class, has settled this action captioned In re SolarWinds Corporation Securities Litigation, Case No. 1:21-cv-138-RP, in the United States District Court for the Western District of Texas Austin Division (the “Action”), with defendants SolarWinds Corporation (“SolarWinds” or the “Company”), Kevin B. Thompson, Timothy Brown, Silver Lake Group L.L.C., Silver Lake Technology Management, L.L.C., and Thoma Bravo, LP (collectively, "Defendants") for $26 million in cash (the “Settlement”). The Settlement resolves all claims in the Action.

On July 28, 2023, the Court held the final hearing to consider approval of the Settlement and related matters. Following the hearing, the Court entered a final Judgment approving the Settlement and orders approving the Plan of Allocation and awarding attorney's fees and litigation expenses.

The Settlement Class consists of:

all persons and entities who purchased or otherwise acquired the common stock of SolarWinds from October 18, 2018 through December 17, 2020, inclusive (the “Class Period”), and who were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 25 of the Notice).

Please read the Notice to fully understand your rights and options.

The claims administration process concluded in June 2024, and on June 21, 2024, Lead Counsel filed its Motion for Approval of Distribution Plan. On June 24, 2024, the Court issued an Order Approving the Distribution Plan. The initial distribution of settlement funds to eligible claimants occurred in July 2024. Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.