NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Super Micro Computer, Inc. (“Supermicro”) (NASDAQ: SMCI) breached their fiduciary duties to Supermicro and its shareholders.
Scott+Scott is investigating whether members of the Supermicro Board of Directors (the “Board”) made, or caused Supermicro to make, false and/or misleading statements, as well as failed to disclose material adverse facts, about Supermicro’s business, operations, prospects, and financial health.
On August 27, 2024, Hindenburg Research released a short report on Supermicro. The report laid out several concerns about Supermicro, including that Hindenburg “found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and control failures, and customer issues.” On this news, the price of Supermicro stock fell from $562.51 per share on August 26, 2024, to $443.49 per share on August 28, 2024, a decline of over 21% over two days.
What You Can Do – CLICK HERE FOR YOUR OPTIONS AS A SHAREHOLDER
If you own shares of Supermicro, you may have legal claims against Supermicro’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or jpettigrew@scott-scott.com.
About Us
Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations.
With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief.
Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States.
To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit www.scott-scott.com.
Attorney Advertising
