Super Micro Computer Inc. Common Stock (NASDAQ: SMCI)
23 Days left to seek lead plaintiff status.
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.