The law firm of Kirby McInerney LLP is investigating potential claims against Super Micro Computer, Inc. (“Super Micro Computer” or the “Company”) (NASDAQ: SMCI). The investigation concerns whether Super Micro Computer and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
[Click here to learn more about the investigation]
On August 27, 2024, the investor research firm Hindenburg Research released a report that detailed alleged “accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues” at behalf of Super Micro Computer. On this news, the price of Super Micro shares declined by $14.87 per share, from $562.51 per share on August 26, 2024, to close at $547.64 on August 27, 2024.
On August 28, 2024, the day after Hindenburg Research published its report, Super Micro Computer disclosed that it would delay the filing of its annual report for its fiscal year that ended June 30, 2024. On this news, the price of Super Micro shares declined by $104.15 per share, or approximately 18.3%, to close at $443.49 on August 28, 2024.
If you purchased or otherwise acquired Super Micro Computer securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
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