ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Super Micro Computer, Inc. and Encourages Investors with Losses to Contact the Firm
News provided byACCESSWIRE
May 26, 2023, 2:00 AM ET
LOS ANGELES, CA / ACCESSWIRE / May 26, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Super Micro Computer, Inc. ("Super Micro" or "the Company") (NASDAQ:SMCI) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Super Micro is the subject of a research report issued by Spruce Point Capital Management on January 10, 2023. The report alleges that the Company and its management "have a troubling history that recently resulted in delinquent filings, financial restatements, and a delisting of its shares." The report expresses "grave concerns about the accuracy of [Super Micro's] financial reporting and sustainability of its recent stock price performance." Based on this report, shares of Super Micro fell by 7.6% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm
Brian Schall, Esq.
SOURCE: The Schall Law Firm
NOTE: This content is not written by or endorsed by "WREG", its advertisers, or Nexstar Media Inc.