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Super Micro Computer, Inc. (NASDAQ: SMCI)

Case Details

Join The Class Action

This investigation is for anyone who acquired securities in Super Micro Computer, Inc. (NASDAQ: SMCI) prior to January 10, 2023.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by filing false financial statements.

On January 10, 2023, Spruce Point Capital Management released a report expressing “grave concerns about the accuracy of [Super Micro’s] financial reporting and sustainability of its recent stock price performance.” The report alleged, among other things, that the Company and its CEO “have a troubling history that recently resulted in delinquent filings, financial restatements, and a delisting of its shares.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Super Micro Computer, Inc. (NASDAQ: SMCI) prior to January 10, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.