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Super Micro Computer, Inc. (SMCI)

NASDAQ:SMCI

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Super Micro Computer, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Super Micro Computer, Inc.  (“Super Micro Computer” or the “Company”) (NASDAQ:SMCI).

On October 26, 2017, Super Micro Computer announced its preliminary financial information for fiscal first quarter ended September 30, 2017.  Therein, the Company disclosed that it will delay the filing of its annual report on Form 10-K due, in part, to “a sales transaction [that] was subject to additional inquiry and review.”  The Company stated that the aforementioned transaction was originally recorded as revenue during the quarter ended December 31, 2016, but that prior to review by the Company’s auditors and the Company’s public announcement of its results for the quarter, the recognition of revenue was reversed and recognized in the quarter ended March 31, 2017.  When the Company’s audit committee became aware of the transaction, it initiated an investigation to determine whether any similar transactions had occurred and, if so, had been properly accounted for.

On this news, Super Micro Computer’s share price declined, causing harm to investors.

If you invested in Super Micro Computer stock or options and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

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information on how to join the Class Action at no cost to you.

  • Case:
    Super Micro Computer, Inc. (SMCI)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 10/30/2017

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