Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Super Micro Computer, Inc. (NASDAQ: SMCI) securities.
If you suffered a loss on your Super Micro investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: Feb 02 2021 - Sep 25 2024
CASE DETAILS: The filed complaint alleges that Super Micro Computer, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) defendants recognized revenue prematurely and failed to implement adequate internal financial controls; (2) defendants failed to disclose the existence of multiple related party transactions; and (3) 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.
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