Super Micro Computer Faces Class Action Lawsuits Amid Accounting Manipulation Allegations

SUPER MICRO COMPUTER SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Super Micro Computer, Inc. - SMCI - Super Micro Computer (NASDAQ:SMCI)

NEW ORLEANS, Oct. 02, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 29, 2024 to file lead plaintiff applications in securities class action lawsuits against Super Micro Computer, Inc. ("SMCI" or the "Company") SMCI, if they purchased the Company's securities between February 2, 2021 and August 28, 2024, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Northern District of California. Get Help SMCI investors should visit us at https://claimsfiler.com/cases/nasdaq-smci-3/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options. About the Lawsuits SMCI and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On August 27, 2024, Hindenburg Research released a report entitled "Super Micro: Fresh Evidence of Accounting Manipulation, Sibling Self-Dealing and Sanctions Evasion at this AI High Flyer" that detailed its "3-month investigation" which uncovered "glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and expert control failures, and customer issues," and that the Company continued to engage in channel-stuffing despite being charged by the SEC for doing so. On this news, the price of SMCI's shares fell from a closing price of $562.51 per share on August 26, 2024 to $443.49 per share on August 28, 2024. The first-filed case is Averza v. Super Micro Computer, Inc., 24-cv-06147. Two subsequent cases were filed, Menditto v. Super Micro Computer, Inc., 24-cv-06149 and Spatz v. Super Micro Computer, Inc., 24-cv-06193. About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations. To learn more about ClaimsFiler, visit www.claimsfiler.com. Market News and Data brought to you by Benzinga APIs

SUPER MICRO COMPUTER SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Super Micro Computer, Inc. - SMCI - Super Micro Computer (NASDAQ:SMCI)

NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 29, 2024 to file lead plaintiff applications in securities class action lawsuits against Super Micro Computer, Inc. ("SMCI" or the "Company") SMCI, if they purchased the Company's securities between February 2, 2021 and August 28, 2024, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Northern District of California. Get Help SMCI investors should visit us at https://claimsfiler.com/cases/nasdaq-smci-3/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options. About the Lawsuits SMCI and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On August 27, 2024, Hindenburg Research released a report entitled "Super Micro: Fresh Evidence of Accounting Manipulation, Sibling Self-Dealing and Sanctions Evasion at this AI High Flyer" that detailed its "3-month investigation" which uncovered "glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and expert control failures, and customer issues," and that the Company continued to engage in channel-stuffing despite being charged by the SEC for doing so. On this news, the price of SMCI's shares fell from a closing price of $562.51 per share on August 26, 2024 to $443.49 per share on August 28, 2024. The first-filed case is Averza v. Super Micro Computer, Inc., 24-cv-06147. Two subsequent cases were filed, Menditto v. Super Micro Computer, Inc., 24-cv-06149 and Spatz v. Super Micro Computer, Inc., 24-cv-06193. About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations. To learn more about ClaimsFiler, visit www.claimsfiler.com. Market News and Data brought to you by Benzinga APIs

SMCI INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Super Micro Computer, Inc. Investors with Substantial Losses Have Opportunity to Lead Case - Super Micro Computer (NASDAQ:SMCI)

SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Super Micro class action lawsuit - captioned Averza v. Super Micro Computer, Inc., No. 24-cv-06147 (N.D. Cal.) - charges Super Micro Computer, Inc. SMCI and certain of Super Micro's top executives with violations of the Securities Exchange Act of 1934. Subsequently filed complaints are captioned Menditto v. Super Micro Computer, Inc., No. 24-cv-06149 (N.D. Cal.), and Spatz v. Super Micro Computer, Inc. No. 24-cv-06193 (N.D. Cal.). If you suffered substantial losses and wish to serve as lead plaintiff of the Super Micro class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-super-micro-computer-inc-class-action-lawsuit-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 [email protected]. Lead plaintiff motions for the Super Micro class action lawsuit must be filed with the court no later than October 29, 2024. CASE ALLEGATIONS: Super Micro develops and manufactures high performance server and storage solutions. The Super Micro class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Super Micro was subject to consistent overreporting of sales and underreporting of expenses; (ii) Super Micro had re-hired multiple executives who departed in the wake of Super Micro's prior accounting scandal; (iii) Super Micro had a closer relationship to its related parties than disclosed; and (iv) Super Micro had not ceased exporting products to areas restricted by the United States government as a result of the Russia-Ukraine war, risking government sanction. The Super Micro class action lawsuit further alleges that on August 27, 2024, Hindenburg Research unveiled a research report entitled "Super Micro: Fresh Evidence of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyer." Then, on August 28, 2024, the Super Micro class action lawsuit alleges that Super Micro announced it would "Delay Form 10-K Filing for Fiscal Year 2024," stating that "[a]dditional time is needed for [Super Micro's] management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024." On this news, the price of Super Micro stock fell more than 21% over two trading sessions, according to the complaint. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Super Micro securities during the Class Period to seek appointment as lead plaintiff in the Super Micro class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Super Micro class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Super Micro class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Super Micro class action lawsuit. 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. Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 [email protected] Market News and Data brought to you by Benzinga APIs

SMCI Lawsuit - Investors with Large Losses in Super Micro Computer, Inc. Should Contact Robbins LLP for Information About the Securities Class Action Lawsuit - Super Micro Computer (NASDAQ:SMCI)

SAN DIEGO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Super Mirco Computer, Inc. SMCI securities between August 10, 2021 and August 26, 2024. SMCI is an international company that develops, manufactures, and provides server and storage systems for various markets, including data centers, cloud computing, AI, 5G, and edge computing. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Super Micro Computer, Inc. (SMCI) Misled Investors Regarding its Business Prospects According to the complaint, during the class period, defendants failed to disclose to investors the true state of SMCI's accounting; notably, that it was subject to consistent overreporting of sales and underreporting of expenses, that it had re-hired multiple executives who departed in the wake of the Company's prior accounting scandal, that the Company has a closer relationship to its related parties than disclosed, that SMCI had more related parties than it had disclosed, and that the Company had not ceased exporting products to areas restricted by the United States government as a result of the Russia-Ukraine war, risking government sanction. Plaintiff alleges that on August 27, 2024, Hindenburg Research unveiled a research report concerning SMCI. The research report detailed several allegations against the Company, including that Hindenburg "found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and control failures, and customer issues." On this news, the price of SMCI's common stock declined dramatically from a closing market price of $562.51 per share on August 26, 2024, to $443.49 per share on August 28, 2024, a decline of approximately 21.16% in the span of two days. What Now: You may be eligible to participate in the class action against Super Micro Computer, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by October 29, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Super Micro Computer, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 [email protected] (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/064da69f-14d7-4762-b28b-de29a7b2debb Market News and Data brought to you by Benzinga APIs

Super Micro Computer, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. October 29, 2024 Deadline to file Lead Plaintiff Motion. - Super Micro Computer (NASDAQ:SMCI)

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Super Micro Computer, Inc. ("Super Micro" or the "Company") SMCI investors of a class action representing investors that bought securities between February 2, 2021 and August 28, 2024, inclusive (the "Class Period"). Super Micro investors have until October 29, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. CASE ALLEGATION: Super Micro specializes in developing and manufacturing high-performance server and storage solutions. The class action lawsuit against Super Micro claims that during the Class Period, the defendants made false and misleading statements and failed to disclose key information, including: (i) consistent overreporting of sales and underreporting of expenses; (ii) the re-hiring of several executives who left following a previous accounting scandal; (iii) a closer relationship with related parties than was publicly revealed; and (iv) continued exports of products to regions restricted by the U.S. government due to the Russia-Ukraine conflict, which posed a risk of government sanctions. Additionally, on August 27, 2024, Hindenburg Research released a report titled "Super Micro: Fresh Evidence of Accounting Manipulation, Sibling Self-Dealing and Sanctions Evasion at This AI High Flyer." Following this, on August 28, 2024, the lawsuit alleges that Super Micro announced a delay in filing its Form 10-K for Fiscal Year 2024, citing the need for more time to assess the effectiveness of its internal financial controls as of June 30, 2024. As a result, Super Micro's stock price dropped by over 21% within two trading sessions. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq. Admitted CA and NY Bar [email protected] 310-692-8883 www.portnoylaw.com Attorney Advertising Market News and Data brought to you by Benzinga APIs

DEPARTMENT OF JUSTICE INVESTIGATING SUPER MICRO COMPUTER, INC. (NASDAQ: SMCI): DiCello Levitt LLP Encourages SMCI Investors with Losses to Contact the Firm - Super Micro Computer (NASDAQ:SMCI)

SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- On August 30, 2024, DiCello Levitt LLP ("DiCello Levitt") filed a class action lawsuit in the U.S. District Court for the Northern District of California alleging violations of the federal securities laws by Super Micro Computer, Inc. SMCI ("Super Micro" or the "Company") and certain of the Company's senior executives (collectively, "Defendants"). The action is brought on behalf of all persons or entities that purchased or otherwise acquired Super Micro securities between February 2, 2021 and August 26, 2024, inclusive (the "Class Period"). The docket number for the case is 5:24-cv-06193. Now, media reports confirm that the U.S. Department of Justice is investigating Super Micro, sending the Company's shares down more than 15%. If you suffered a significant loss, would like a copy of the complaint, or wish to discuss this action you can contact DiCello Levitt attorneys Brian O'Mara and Hani Farah by calling (888) 287-9005 or emailing [email protected]. Super Micro investors have until October 29, 2024 to petition the Court for appointment as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff. No class has been certified. Until a case is filed and a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. Investigation Details: Super Micro is a $35 billion, high-powered server and storage solutions manufacturer that sells its hardware to technology companies for use as servers for websites, data storage, and artificial intelligence applications. Servers and storage systems accounted for 92% of Super Micro's net sales in 2023, with 61% of its latest quarterly revenue coming from sales in the United States. On August 27, 2024, Hindenburg Research published a critical research report titled "Super Micro: Fresh Evidence of Accounting Manipulation, Sibling Self-Dealing and Sanctions Evasion at This AI High Flyer," alleging, among other things, that it "found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues." According to the report, Hindenburg Research claims that the alleged fraud and "improper revenue recognition," "sanctions evasion," and "competition and quality concerns" are confirmed as a result of a three-month investigation, through interviews with former senior employees and industry experts, review of litigation records, and international corporate and customs records. In response to the Hindenburg Research report and the Company's decision to delay the filing of its Form 10-K to investigate Hindenburg's allegations, shares of Super Micro plunged to their lowest in almost six years to trade as low as $395.18 per share on August 28, 2024, falling more than 29% (or more than $167) from its close on August 26, 2024, erasing more than $9.7 billion in market value. On September 25, 2024, the Wall Street Journal reported that the Justice Department is investigating the server maker for alleged accounting irregularities. As a result, Super Micro stock fell more than 15%. About DiCello Levitt: At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases - whether by trial, settlement, or otherwise - for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens' rights and interests. Every day, we put our reputations - and our capital - on the line for our clients. DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the National Law Journal, in addition to its top-tier Chambers and Benchmark ratings. The New York Law Journal also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com. Attorney Advertising. Prior results do not guarantee a similar outcome. Media Contact Amy Coker 4747 Executive Drive, Suite 240 San Diego, CA 92121 619-963-2426 [email protected] Market News and Data brought to you by Benzinga APIs