The Law Offices of Frank R. Cruz Announces Investigation of Super Micro Computer, Inc. (SMCI) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQ: SMCI) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On August 27, 2024, Hindenburg Research published a report alleging, among other things, that an investigation into Super Micro “found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues,” including “improper revenue recognition,” “recognizing incomplete sales,” and “circumvention of internal accounting controls.” Additionally, the report states that Super Micro’s CEO’s younger brother operates two Taiwan-based companies which “appear to be undisclosed suppliers of Super Micro.”

On this news, Super Micro’s stock price fell $14.87, or 2.6%, to close at $547.64 per share on August 27, 2024, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Super Micro securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240828162642/en/