SUPER MICRO SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in ...
March 16 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until April 9, 2018 to file lead
plaintiff applications in a securities class action lawsuit against
Super Micro Computer, Inc. (NasdaqGS: SMCI), if they purchased the
Company’s securities between the expanded period of August 5, 2016
and January 30, 2018, inclusive (the “Class Period”). This action
is pending in the United States District Court for the Northern
District of California.
Get Help
Super Micro investors should visit us at
https://www.claimsfiler.com/cases/view-super-micro-computer-inc-securities-litigation-1
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
Super Micro and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
On October 26, 2017, the Company disclosed an investigation into
revenue originally recorded in Q2 ended December 31, 2016, that
“the recognition of revenue was reversed and…subsequently
recognized in [Q3] ended March 31, 2017,” extending a
previously-announced delay of filing its 10-K. Then, on January 30,
2018, the Company revealed an additional delay of filing the 10-K
stating that further analysis was needed into the revenue matter
and potential ramifications on its financial statements.
On this news, the price of Super Micro’s shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com