Super Micro Computer Investors Face Deadline in Securities Class Action Lawsuit

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

NEW ORLEANS, Sept. 20, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have untilOctober 29, 2024 to file lead plaintiff applications in securities class action lawsuits against Super Micro Computer, Inc. ("SMCI" or the "Company") (NasdaqGS: 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. 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.

Super Micro Computer Investors: October 29, 2024 Filing Deadline in Securities Class Action " Contact Lieff Cabraser By Investing.com

SAN FRANCISCO--(BUSINESS WIRE)--National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages investors in Super Micro Computer (NASDAQ:SMCI), Inc. (Super Micro or the Company) (NASDAQ: SMCI) who suffered losses from purchasing Super Micro securities between February 2, 2021 and August 28, 2024, inclusive (the Class Period), to contact us immediately regarding a pending securities class action against Super Micro. The deadline to apply to be lead plaintiff is October 29, 2024. Super Micro develops, manufactures, and sells server and storage systems for various markets, including data centers, cloud computing, artificial intelligence, telecommunications networks, and edge computing. The action alleges that during the Class Period, Super Micro misrepresented and failed to disclose materially adverse facts, including that Super Micro: (i) has engaged in a variety of improper accounting and sales practices; (ii) has engaged in a number of undisclosed related-party transactions with companies owned and/or controlled by the CEO's family members; and (iii) has evaded U.S. export controls, resulting in the illegal shipment of a significant amount of products to Russia. On August 27, 2024, before the market opened, Hindenburg Research (Hindenburg) released a report based on extensive research of public and nonpublic sources revealing that Super Micro has engaged in a dubious accounting and sales practices, just years after the SEC fined it $17.5 million for similar misconduct. Super Micro has continued to engage in improper revenue recognition, recognition of incomplete sales, and circumvention of internal accounting controls. Relatedly, the Hindenburg report revealed the extent of known relationships with certain related-party suppliers as well as previously undisclosed relationships, all with entities controlled by the brothers of Super Micro CEO Charles Liang. In addition, according to the Hindenburg report, Super Micro was apparently shipping products to Russia in violation of U.S. sanctions and export control regulations. On this news, the price of Super Micro stock declined by $14.87 per share, or 2.6%, to close at $547.64 per share on August 27, 2024. The next day, on August 28, 2024, the Company filed a Form 8-K stating that it was unable to timely file its annual report and that additional time was needed for management to complete its assessment of the design and operating effectiveness of Super Micro's internal controls over financial reporting as of June 30, 2024. Analysts immediately attributed the Company's statement and delay in filing its annual report to the revelations in the Hindenburg report. On this news, the price of Super Micro stock declined by $104.35 per share, or 19.05%, to close at $443.29 per share on August 28, 2024. About Lieff Cabraser Lieff Cabraser Heimann & Bernstein, LLP, with over 125 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Repeatedly recognized as a Plaintiffs' Powerhouse by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.

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. 18, 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, Inc. Class Action - Robbins LLP Reminds SMCI Investors with Large Losses to Seek Legal Counsel in Connection with the SMCI Securities Class Action Lawsuit

Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Super Micro Computer, Inc. (NASDAQ: 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.

CLASS ACTION REMINDER: Berger Montague Advises Super Micro Computer (NASDAQ: SMCI) Investors to Inquire About a Securities Fraud Lawsuit by October 29, 2024 - Super Micro Computer (NASDAQ:SMCI)

PHILADELPHIA, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Securities fraud lawsuits have been filed against Super Micro Computer, Inc. ("Super Micro" or the "Company") SMCI. The lawsuits have been filed on behalf of purchasers of Super Micro securities between February 2, 2021 and August 28, 2024, inclusive (the "Class Period"). CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT. Investors who purchased or acquired Super Micro securities during the Class Period may, no later than October 29, 2024, seek to be appointed as a lead plaintiff representative of the class. Super Micro, headquartered in San Jose, CA, is a server and storage solutions manufacturer that sells its hardware to technology companies for use as servers for websites, data storage, and artificial intelligence applications. According to the complaint, throughout the Class Period, Super Micro and senior executives reported strong demand, surging revenue growth, and increased product shipments. The Company also represented that it adhered to U.S. and other applicable trade control regulations, including the fact that it had made no sales in the Russian Federation during 2023 and 2024, and no sales to the Russian Federal Security Service ("FSB"). For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected] or (215) 875-3048, or CLICK HERE. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 [email protected] Peter Hamner Berger Montague PC (215) 875-3048 [email protected] Market News and Data brought to you by Benzinga APIs