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% ...

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 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 ...

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 ...

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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 ...

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 ...

SAN DIEGO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Super Mirco Computer, Inc. (NASDAQ: SMCI) securities between August 10, 2021 and August 26, 2024. SMCI is an international company that develops, manufactures, and provides server and storage systems for various markets, including data centers, cloud computing, AI, 5G, and edge computing. For more information, submit a ...

NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Super Micro Computer, Inc. (NASDAQ: SMCI) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Super Micro Computer, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/super-micro-computer-inc. Investors have until October 29, 2024 to as ...

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