SMCI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into Super Micro Computer, Inc. and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

Business Wire 28-Aug-2024 3:59 PM

Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Super Micro Computer, Inc. (NASDAQ:SMCI) focused on whether Super Micro and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.

If you have information that could assist in the Super Micro investigation or if you are a Super Micro investor who suffered a loss and would like to learn more, you can provide your information here:

https://www.rgrdlaw.com/cases-super-micro-computer-investigation-smci.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.

THE COMPANY: Super Micro develops and manufactures high performance server and storage solutions.

THE REVELATION: On August 27, 2024, Hindenburg Research issued a report entitled "Super Micro: Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyer." Following this news, Super Micro's stock price fell.

Then, the following day on August 28, 2024, Super Micro disclosed that "it expects that it will not timely file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024" and that "[a]dditional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024." Following this news, Super Micro's stock price fell.

Last year, Robbins Geller as lead counsel secured an $18.25 million settlement on behalf of Super Micro investors in a securities fraud class action lawsuit alleging that Super Micro and certain of its executives misled investors regarding Super Micro's business and financial results.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.

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