Super Micro Computer, Inc. Securities Litigation (2018)

If you purchased a significant amount of shares of Super Micro Computer, Inc. (NASDAQ: SMCI) between August, 5th 2016 and January, 30th 2018, and/or if you purchased Super Micro Computer, Inc. (NASDAQ: SMCI) shares in August 2016 or earlier and currently hold any of those shares, you have certain options. Investors should register for updates.

 

Lawsuit Overview

Defendant:Super Micro Computer, Inc.
Date Filed:February, 8th 2018
Sector:Technology
Industry:Computer Manufacturing
Class Start Date:August, 5th 2016
Class End Date:January, 30th 2018

According to the law firm press release, Super Micro Computer, Inc. designs, develops, manufactures and sells server solutions based on modular and open-standard architecture. The Company's products include servers, motherboards, chassis, and accessories.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Super Micro's financial statements contained accounting errors, including errors with respect to one of the Company's sales transactions; (ii) as such, the Company's internal controls were not effective; (iii) Super Micro lacked the capability to timely review and assess the impact of the foregoing issues; and (iv) as a result, Super Micro's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Logan Hessefort, et al. v. Super Micro Computer, Inc., et al.

Date Filed:February, 8th 2018
Class Period Start:January, 27th 2017
Class Period End:January, 30th 2018
First Identified Complaint Filings
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