LOS ANGELES -- (Business Wire)
Glancy
Prongay & Murray LLP (“GPM”) announces the filing of a class
action lawsuit on behalf of investors of Super Micro Computer, Inc.
(“Super Micro” or the “Company”) (NASDAQ:SMCI) between September 15,
2014 and August 31, 2015, inclusive (the “Class Period”). Injured
investors are encouraged to contact Lesley Portnoy of GPM at
310-201-9150 to discuss their legal rights.
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.” On this news, Super Micro shares fell
$2.58 per share or 9%, to close on September 1, 2015 at $24.77, thereby
damaging investors.
The class action lawsuit complaint, filed on behalf of injured Super
Micro investors, alleges that throughout the Class Period, defendants
improperly recorded expenses in its financial reports; misstated net
income, lacked adequate internal controls, and as a result of the above,
the Company’s financial statements were materially false and misleading
at all relevant times.
If you purchased shares of SuperMicro during the Class Period you may
move the Court no later than November 3, 2015. If you have
information or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, of GPM, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151008006591/en/
Contacts:
Glancy Prongay & Murray, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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