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Super Micro Computer faces US Justice Department probe over alleged accounting violations
Proactiveinvestors NA· 2024-09-26 20:04
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...
DEPARTMENT OF JUSTICE INVESTIGATING SUPER MICRO COMPUTER, INC. (NASDAQ: SMCI): DiCello Levitt LLP Encourages SMCI Investors with Losses to Contact the Firm
GlobeNewswire News Room· 2024-09-26 19:37
SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- On August 30, 2024, DiCello Levitt LLP ("DiCello Levitt") filed a class action lawsuit in the U.S. District Court for the Northern District of California alleging violations of the federal securities laws by Super Micro Computer, Inc. (NASDAQ: SMCI) ("Super Micro" or the "Company") and certain of the Company's senior executives (collectively, "Defendants"). The action is brought on behalf of all persons or entities that purchased or otherwise acquired Super Micr ...
Super Micro Computer, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. October 29, 2024 Deadline to file Lead Plaintiff Motion.
GlobeNewswire News Room· 2024-09-26 18:45
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Super Micro Computer, Inc. ("Super Micro" or the "Company") (NASDAQ: SMCI) investors of a class action representing investors that bought securities between February 2, 2021 and August 28, 2024, inclusive (the "Class Period"). Super Micro investors have until October 29, 2024 to file a lead plaintiff motion. Investors are encouraged to contact ...
Super Micro Computer Stock Plunges on Report of Federal Accounting Probe
Investopedia· 2024-09-26 18:35
Key Takeaways Super Micro Computer, or Supermicro, reportedly is under investigation by federal officials over questions about its accounting. The Wall Street Journal said the probe followed a scathing report in August from short seller Hindenberg Research that claimed improprieties at the computer server manufacturer. A former employee filed a whistleblower lawsuit against Supermicro earlier this year, pointing to accounting irregularities. Shares of Super Micro Computer (SMCI), or Supermicro, dropped 15% ...
Super Micro Computer (SMCI) Shares Tumble After WSJ Reports DOJ Probe Amid Investor Class Actions - Hagens Berman
GlobeNewswire News Room· 2024-09-26 17:42
SAN FRANCISCO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Super Micro, the beleaguered data center technology company, is facing a federal criminal investigation after a critical report by short-seller Hindenburg Research, according to the Wall Street Journal. The U.S. Attorney's Office in San Francisco has reportedly contacted individuals with potential knowledge of accounting irregularities at the company, according to sources familiar with the matter. The news sent Super Micro's shares plummeting by as much as 1 ...
Super Micro shares tumble 12% after DOJ reportedly opens probe into company
CNBC· 2024-09-26 15:18
Super Micro Computer shares fell more than 12% on Thursday after the Justice Department reportedly opened a probe into the company, which has been a major beneficiary of the artificial intelligence boom. The probe is in its early days, according to a report from The Wall Street Journal, and it comes after Hindenburg Research disclosed a short position in the company in late August. Hindenburg said it identified "fresh evidence of accounting manipulation," according to its report. CNBC could not independentl ...
Super Micro's 10-For-1 Split Can Drive The Stock Higher
Forbes· 2024-09-26 13:00
UKRAINE - 2023/10/12: In this photo illustration, Supermicro (Super Micro Computer Inc.) logo is ... [+] seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Super Micro Computer stock (NASDAQ: SMCI) has experienced considerable volatility this year, although a potential boost may be on the horizon with the company's upcoming 10-for-1 stock split. SMCI stock rose nearly eightfold over the past two years—from abou ...
Super Micro Computer: Most Arguments In The Short Report Are Unfounded
Seeking Alpha· 2024-09-26 12:47
More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...
Class Action Filed Against Super Micro Computer, Inc. (SMCI) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2024-09-26 09:45
NEW YORK, Sept. 26, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Super Micro Computer, Inc. (NASDAQ: SMCI). Shareholders who purchased shares of SMCI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/super-micro-computer-inc-loss-submission-form/?id=105049&from=4 CLASS PERI ...
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Super Micro Computer
GlobeNewswire News Room· 2024-09-26 00:56
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Super Micro Computer To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Super Micro Computer between February 2 2021 and August 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877- 247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW ...