SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 13, 2015 11:07 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of SolarWinds, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of September 29, 2015 -- SWI

NEW YORK, NY--(Marketwired - Aug 13, 2015) -  The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of SolarWinds, Inc. ("SolarWinds") (NYSE: SWI) between April 28, 2015 and July 16, 2015

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Western District of Texas. If you purchased or otherwise acquired SolarWinds securities between April 28, 2015 and July 16, 2015, inclusive, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/solarwinds-swi

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the Class Period, 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.

If you suffered a loss in SolarWinds you have until September 29, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com