An investigation on behalf of investors in Sanmina Corporation (NASDAQ:SANM) shares over potential wrongdoing at Sanmina Corporation was announced.

San Diego, CA -- (SBWire) -- 10/06/2023 --An investigation was announced over potential breaches of fiduciary duties by certain directors at Sanmina Corporation .

Investors who purchased shares of Sanmina Corporation (NASDAQ: SANM) 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 Sanmina Corporation (directors breached their fiduciary duties and caused damage to the company and its shareholders.

San Jose, CA based Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. Sanmina Corporation reported that its Total Revenue rose from over $6.75 billion for the 12 months period that ended on September 30, 2021, to $7.89 billion for the 12 months period that ended on September 30, 2022, and that its Net Income over those respective time periods declined from $268.99 million to $256.12 million.

On May 11, 2023, Sanmina Corporation announced that investors should no longer rely on its financial statements for the fiscal years ended Oct. 3, 2020, Oct. 2, 2021, and Oct. 1, 2022, and for the quarterly periods included in such fiscal years as well as for the quarter ended Dec. 31, 2022. Sanmina Corporation reported that it materially overstated revenues by millions of dollars within its Components, Products, and Services division.

Shares of Sanmina Corporation (NASDAQ: SANM) declined from $68.33 per share in December 2022 to $49.07 per share on May 12, 2023.

Those who purchased shares of Sanmina Corporation (NASDAQ: SANM) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
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.