Recent Security Class Actions

Super Micro Computer Inc. Common Stock (NASDAQ: SMCI)

Company Name:Super Micro Computer Inc. Common Stock
Stock Symbol:NASDAQ: SMCI
Class Period Start:02/02/2021
Class Period End (inclusive):09/25/2024
Filing Deadline:10/29/2024

On August 27, 2024, Hindenburg Research unveiled a short report on SMCI. The short report detailed several allegations against the Company, including that Hindenburg “found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and control failures, and customer issues.” The Complaint alleges that investors and analysts reacted immediately to these revelations leading to a dramatic decline in the price of the Company's common stock.