Wed Sep 18 02:01:00 UTC 2024: ## Super Micro Computer, Inc. Faces Securities Class Action Lawsuits

**NEW ORLEANS, Sept. 17, 2024** – Investors who purchased Super Micro Computer, Inc. (SMCI) securities between February 2, 2021, and August 28, 2024, have until October 29, 2024, to file lead plaintiff applications in securities class action lawsuits against the company. The lawsuits, pending in the U.S. District Court for the Northern District of California, allege that SMCI and certain executives failed to disclose material information, violating federal securities laws.

The allegations stem from a report by Hindenburg Research, published on August 27, 2024, which accused SMCI of accounting manipulation, undisclosed related party transactions, and sanctions evasion. The report also alleged that the company engaged in channel-stuffing despite being charged by the SEC for the same practice. Following the release of the report, SMCI’s share price plummeted from $562.51 on August 26 to $443.49 on August 28.

Kahn Swick & Foti, LLC (KSF), a leading securities litigation law firm, is representing investors in these lawsuits. KSF partner Charles C. Foti, Jr., former Attorney General of Louisiana, urges investors who purchased SMCI securities during the Class Period to contact KSF for legal advice.

“We are investigating the allegations against SMCI and are committed to holding the company accountable for any wrongdoing,” stated KSF Managing Partner Lewis Kahn. “We urge any investors who may have suffered financial losses due to this alleged misconduct to contact us immediately.”

The lawsuits, filed in the Northern District of California, are: *Averza v. Super Micro Computer, Inc.*, *Menditto v. Super Micro Computer, Inc.*, and *Spatz v. Super Micro Computer, Inc.*

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