NASDAQ: SMCI Lawsuit Alert: Investors in shares of Super Micro Computer, Inc. should contact the Shareholders Foundation

PRNewswire 1-Oct-2024 7:45 AM

SAN DIEGO, Oct. 1, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Super Micro Computer, Inc. (NASDAQ:SMCI) shares.

Investors who purchased shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On August 27, 2024, Hindenburg Research issued a report regarding Super Micro Computer, Inc, highlighting a number of concerns regarding the company's accounting practices and corporate governance. Allegations include improper revenue recognition and the rehiring of executives previously involved in accounting scandals.

On August 30, 2024, a NASDAQ: SMCI investor filed a lawsuit over alleged securities laws violations by Super Micro Computer, Inc. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose, among other things, that defendants recognized revenue prematurely and failed to implement adequate internal financial controls, that defendants failed to disclose the existence of multiple related party transactions, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Super Micro Computer, Inc. (NASDAQ:SMCI) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
mail@shareholdersfoundation.com 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nasdaq-smci-lawsuit-alert-investors-in-shares-of-super-micro-computer-inc-should-contact-the-shareholders-foundation-302263509.html

SOURCE Shareholders Foundation, Inc.