Judge Tosses Most Of SEC Complaint Over Cyberattack For Failure To Show Falsity

(July 19, 2024, 2:41 PM EDT) -- NEW YORK — A federal judge in New York on July 18 largely dismissed a first-of-its-kind suit brought by the Securities and Exchange Commission against a software company and its head of information security accusing them of issuing false statements about the company’s software that was the target of alleged state-sponsored cyberattacks from Russia, finding that many of the SEC’s claims “impermissibly rely on hindsight and speculation.”...

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