LOS
ANGELES, Oct. 9, 2024 /PRNewswire/ -- The DJS
Law Group reminds investors of a class action lawsuit against Super
Micro Computer, Inc. ("Super Micro" or "the Company") (NASDAQ:
SMCI) for violations of §§10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5
promulgated thereunder by the U.S. Securities and Exchange
Commission.
Shareholders who purchased shares of SMCI during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointments. Appointment as lead plaintiff is not
required to partake in any recovery.
CASE DETAILS: According to the Complaint, Super Micro
made false and misleading statements to the market. The Company
allegedly regularly overreported sales and
underreported expenses. The Company also had re-hired multiple
executives who had left after its previous accounting scandal. The
Company had a much closer relationship with related parties than it
portrayed to the market. The Company failed to cease exporting
products to areas under restriction by the U.S. government due to
the Russia-Ukraine war.
If you are a shareholder who suffered a loss, contact us to
participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to
enhance investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J.
Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
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SOURCE DJS Law Group LLP