Glancy
Prongay & Murray LLP (“GPM”) reminds investors that a
class action complaint has been filed on behalf of a class of Super
Micro Computer, Inc. (“Super Micro” or the “Company”) (NYSE: SMCI)
investors who purchased shares between September 15, 2014 and August 31,
2015, inclusive (the “Class Period”). Super Micro investors have until November
3, 2015 to file a lead plaintiff motion. Investors are encouraged to
contact GPM to discuss their legal rights.
On August 31, 2015, Super Micro disclosed that the Company, “has
determined that it is unable to file its Annual Report on Form 10-K for
the fiscal year ended June 30, 2015 within the prescribed time period
without unreasonable effort or expense. [Super Micro] recently
discovered certain irregularities regarding certain marketing expenses
and additional time is required for [Super Micro] to complete its
investigation of the matter.” On this news, Super Micro shares fell
$2.58 per share or 9%, to close on September 1, 2015 at $24.77 per
share, thereby damaging investors.
The class action lawsuit complaint, filed on behalf of injured Super
Micro investors, alleges that throughout the Class Period, defendants
improperly recorded expenses in its financial reports; misstated net
income, lacked adequate internal controls, and as a result of the above,
the Company’s financial statements were materially false and misleading
at all relevant times.
If you purchased shares of Super Micro during the Class Period you may
move the Court no later than November 3, 2015 to request
appointment as lead plaintiff. If you purchased Super Micro securities
during the Class Period, or if you have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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