Company Website:
http://www.johnsonandweaver.com
SAN DIEGO -- (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151010005010/en/
Contacts:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
Source: Johnson & Weaver, LLP
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