NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of Super Micro Computer, Inc. (NASDAQ:SMCI) resulting from allegations that Super Micro may have issued materially misleading business information to the investing public.
On January 30, 2018, during aftermarket hours, Super Micro announced that “[t]he Audit Committee has completed the previously disclosed investigation,” and “[a]dditional time is required to analyze the impact, if any, of the results of the investigation on the Company’s historical financial statements, as well as to conduct additional reviews before the Company will be able to finalize its Annual Report on Form 10-K for the fiscal year ended June 30, 2017.” Super Micro “also announced that Wally Liaw, Sr. Vice President of International Sales, Phidias Chou, Sr. Vice President, Worldwide Sales and Howard Hideshima, Senior Vice President, Chief Financial Officer, have resigned.” On this news, shares of Super Micro fell $1.82 per share or over 7% from its previous closing price to close at $22.83 per share on January 31, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Super Micro investors. If you purchased shares of Super Micro, please visit the firm’s website at http://www.rosenlegal.com/cases-1229.html or more information. You may also contact Phillip Kim or Daniel Sadeh of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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