Super Micro Computer, Inc. Investor Alert (NASDAQ: SMCI): Schubert Jonckheer & Kolbe LLP Investigating Potential Shareholder Claims Amid U.S. Justice Department Probe and Delayed 10-K Annual Report Filing

PRNewswire 9-Oct-2024 8:00 AM

SAN FRANCISCO, Oct. 9, 2024 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Super Micro Computer, Inc. investors that the firm is investigating potential legal claims against the company's officers and directors following a recent bombshell investment analyst report revealing alleged wrongdoing, a U.S. Justice Department probe, and the company's delayed 10-K annual report filing. Current shareholders are encouraged to contact the firm.

On August 27, 2024, investment analyst firm Hindenburg Research issued a report exposing alleged accounting violations, undisclosed related party transactions, export control issues, and other alleged wrongdoing at server maker Supermicro. A day later, Supermicro announced it needed additional time to file its fiscal 2024 annual report while management assessed "the design and operating effectiveness of its internal controls over financial reporting." Based on these facts, the company has been sued in securities fraud class actions. Then, on September 26, 2024, The Wall Street Journal reported that the U.S. Department of Justice was investigating Supermicro concerning the matters raised in the Hindenburg Research report.

The Schubert firm is investigating potential wrongdoing by Supermicro's officers and directors in connection with these allegations.

If you own stock in Super Micro and want additional information about your legal rights, please visit our website at https://www.classactionlawyers.com/supermicro.

About Schubert Jonckheer & Kolbe LLP

Schubert Jonckheer & Kolbe represents shareholders, employees, and consumers in class actions against corporate defendants, as well as shareholders in derivative actions against their officers and directors. The firm is based in San Francisco, and with the help of co-counsel, litigates cases nationwide.

Contact
Dustin L. Schubert
Schubert Jonckheer & Kolbe LLP
dschubert@schubertlawfirm.com
Tel: (415) 788-4220

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SOURCE Schubert Jonckheer & Kolbe LLP