SUPER MICRO SHAREHOLDER ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Seeks to Help Investors; Encourages Both Lon...
October 10 2015 - 11:37AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP announces
that a class action lawsuit has been filed against Super Micro
Computer, Inc. (NASDAQ:SMCI). The case is pending in the United
States District Court for the Central District of California.
If you are a Super Micro shareholder and fall into one of the
following two categories we encourage you to contact Johnson &
Weaver regarding your legal rights and options.
1) If you purchased Super Micro
securities between September 15, 2014 and
August 31, 2015 (the "Class Period”) you have until November
3, 2015 to ask the Court to appoint you as Lead Plaintiff for the
class. Plaintiff seeks to recover damages on behalf of all
purchasers of Super Micro securities during the Class Period. Any
member of the putative class may move the Court to serve as lead
plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent class member.
2) If you are a continuous, long-term shareholder of Super Micro
stock you may have standing to hold the Company harmless from the
damage the officers and directors caused by making them personally
responsible. You may also be able to assist in reforming the
Company’s corporate governance to prevent future
wrongdoing.
Additional Information about the Class Action
Lawsuit:
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company’s
business, operations, and prospects. Specifically, Defendants made
false and/or misleading statements and/or failed to disclose that:
(i) the Company improperly recorded expenses in its financial
reports; and (ii) as a result of the above, the Company’s financial
statements were materially false and misleading at all relevant
times.
On August 31, 2015, Super Micro disclosed that the Company “has
determined that it is unable to file its Annual Report on Form 10-K
for the fiscal year ended June 30, 2015 within the prescribed time
period without unreasonable effort or expense. [Super Micro]
recently discovered certain irregularities regarding certain
marketing expenses and additional time is required for [Super
Micro] to complete its investigation of the matter.” When the facts
were revealed to the investing public, shares dropped causing
investors harm.
If you are a long or short term shareholder and wish to
discuss your options or legal rights, please contact lead analyst
Jim Baker (jimb@johnsonandweaver.com) at
619-814-4471. If you email, please include your phone
number.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com.
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Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com