Law
Offices of Howard G. Smith reminds investors of the upcoming November
3, 2015 deadline to file a lead plaintiff motion in the class action
filed on behalf of investors who purchased Super Micro Computer, Inc.
(“Super Micro” or the “Company”) (Nasdaq: SMCI)
securities between September 15, 2014 and August 31, 2015, inclusive
(the “Class Period”). Investors who suffered losses over $100,000 on
their investment in Super Micro securities are encouraged to contact the
Law Offices of Howard G. Smith 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” and that Super Micro “recently
discovered certain irregularities regarding certain marketing expenses”
for which “additional time is required for [the Company] 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.
The complaint 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 Super Micro shares, you may move the Court no later
than November 3, 2015 to request appointment as lead
plaintiff. To be a member of the class you need not take any action at
this time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn more about
this action, or if you have any questions concerning this announcement
or your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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