Wed Sep 18 17:39:00 UTC 2024: ## Super Micro Computer, Inc. (SMCI) Faces Class Action Lawsuit Following Hindenburg Report

**New York, NY (September 18, 2024)** – The Gross Law Firm has announced a class action lawsuit against Super Micro Computer, Inc. (SMCI) on behalf of investors who purchased shares of the company between February 2, 2021, and August 28, 2024.

The lawsuit stems from a short report published by Hindenburg Research on August 27, 2024. The report alleged several accounting irregularities, undisclosed related party transactions, sanctions and control failures, and customer issues within SMCI. Following the report’s publication, SMCI’s stock price plummeted, dropping from $562.51 on August 26, 2024, to $443.49 on August 28, 2024, a decline of approximately 21.16%.

The Gross Law Firm claims that SMCI’s stock price was artificially inflated due to the company’s alleged misrepresentations and omissions of material information. They are seeking to recover losses incurred by investors who bought SMCI shares during the specified class period.

Investors who purchased SMCI shares within the timeframe of the lawsuit are encouraged to contact The Gross Law Firm by October 29, 2024, to register as potential lead plaintiffs. The deadline for seeking lead plaintiff status is October 29, 2024. There is no cost or obligation to participate in the case.

The Gross Law Firm is a nationally recognized class action firm dedicated to protecting investors’ rights and ensuring corporate accountability. The firm aims to hold companies responsible for engaging in unethical and illegal business practices that harm investors.

**About The Gross Law Firm:**

The Gross Law Firm is a nationally recognized class action law firm committed to protecting investor rights. The firm seeks recovery for investors who have suffered financial losses due to corporate misconduct.

**Contact:**

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903

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