San Diego, CA -- (SBWire) -- 02/23/2023 --An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Super Micro Computer, Inc.
Investors who purchased shares of Super Micro Computer, Inc. (NASDAQ: SMCI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Super Micro Computer, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Jose, CA based Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. On January 10, 2023, Spruce Point Capital Management released a report expressing "grave concerns about the accuracy of [Super Micro's] financial reporting and sustainability of its recent stock price performance." The report alleged, among other things, that the Company and its CEO "have a troubling history that recently resulted in delinquent filings, financial restatements, and a delisting of its shares."
Shares of Super Micro Computer, Inc. (NASDAQ: SMCI) declined to $74.04 per share on January 11, 2023.
Those who purchased shares of Super Micro Computer, Inc. (NASDAQ: SMCI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Super Micro Computer, Inc. (NASDAQ:SMCI) Shareholder Alert: Investigation Concerning Possible Wrongdoing
An investigation on behalf of investors in Super Micro Computer, Inc. (NASDAQ:SMCI) shares over potential wrongdoing at Super Micro Computer, Inc. was announced.