The Gross Law Firm Reminds Shareholders of an Opportunity to Lead the Lawsuit Against Super Micro Computer, Inc.
San Jose, CA - Gross Law Firm
March 24, 2023
The Gross Law Firm issues this news release to highlight a recently filed lawsuit against Super Micro Computer, Inc. ("Super Micro") (NASDAQ: SMCI) concerning potential breaches of fiduciary duties, violations of the Securities Exchange Act of 1934. The claims made in the lawsuit center around Super Micro's alleged failure to disclose certain risks associated with its business operations and financial performance.
The lawsuit was filed in the Northern District of California on behalf of shareholders who purchased shares of Super Micro's common stock between February 26, 2021 and December 9, 2022. The complaint alleges, among other things, that Super Micro failed to disclose that: (i) its revenue and earnings were materially overstated due to improper accounting practices; (ii) its business was significantly impacted by the COVID-19 pandemic; and (iii) its internal controls were inadequate to prevent or detect the alleged misconduct.
The Gross Law Firm is actively investigating the allegations made in the lawsuit and is committed to protecting the interests of Super Micro's shareholders. Gross Law Firm reminds Super Micro's shareholders of their opportunity to lead the lawsuit and represent all affected investors. The firm is encouraging investors to contact them to discuss their legal rights and options.
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