NEWTOWN,
Pa., Aug. 28, 2024 /PRNewswire/ -- Edelson
Lechtzin LLP is investigating potential violations of the
federal securities laws involving Super Micro Computer, Inc.
(NASDAQ: SMCI) resulting from allegations of providing potentially
misleading business information to the investing public.
If you have non-public information that could assist in the
Super Micro Computer investigation or if you are a Super Micro
Computer investor who suffered a loss and would like to learn more,
you can provide your information HERE.
You can also contact attorney Eric
Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550
(ext. 1) or via e-mail at
elechtzin@edelson-law.com.
THE COMPANY: Super Micro Computer provides
high-performance server technology services to cloud computing data
centers and management software.
THE ALLEGED WRONGDOING: On August 27, 2024, Hindenburg Research published an
article that accused Super Micro Computer of "glaring accounting
red flags, evidence of undisclosed related party transactions,
sanctions and export control failures, and customer issues." The
report also stated, "[P]ressure to meet quotas pushed salespeople
to stuff the channel with distributors using 'partial shipments' or
by shipping defective products around quarter-end, per our
interviews with former employees and customers."
THE REVELATION: On news of the Hindenburg Research
report, the price of Super Micro Computer stock fell 2% on
August 27, and plunged 19% on
August 28, after the company
disclosed that it would delay the filing of its annual report for
its fiscal year that ended June 30,
2024.
ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a
national class action law firm with offices in Pennsylvania and California. In addition to cases involving
securities and investment fraud, our lawyers focus on
class and collective litigation in cases alleging violations of the
federal antitrust laws, employee benefit plans under ERISA, wage
theft and unpaid overtime, consumer fraud, and
dangerous and defective drugs and medical devices.
For more information, please contact:
Marc H. Edelson, Esq.
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext. 1
Email: medelson@edelson-law.com
Email: elechtzin@edelson-law.com
Web: www.edelson-law.com
This press release may be considered Attorney Advertising in
some jurisdictions. No class has been certified in this case, so
you are not represented by counsel unless you retain one. You may
select counsel of your choice. You may also remain an absent class
member and do nothing at this point. Your ability to share in any
potential future recovery is not dependent upon serving as lead
plaintiff.
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SOURCE Edelson Lechtzin LLP