Data News > Pre Market Movers: Super Micro Computer, Inc. Faces Class Action Lawsuit Amid Stock Split Controversy

Pre Market Movers: Super Micro Computer, Inc. Faces Class Action Lawsuit Amid Stock Split Controversy

By KlickAnalytics Data Insights  |   October 2, 2024 08:10AM ET

Key Points

- Levi & Korsinsky reminds Super Micro Computer, Inc. investors of pending class action lawsuit deadline
- Bronstein, Gewirtz and Grossman, LLC alerts shareholders to contact the firm regarding the lawsuit
- Class action lawsuit seeks to recover damages for alleged violations of federal securities laws
- Stock split of Super Micro Computer Inc. prompts uncertainty among investors
- Investors who lost money on Super Micro Computer, Inc. encouraged to join class action suit for potential recovery

Super Micro Computer, Inc. investors are being reminded by Levi & Korsinsky about the pending class action lawsuit deadline, with a lead plaintiff deadline of October 29, 2024. The lawsuit, which seeks to recover damages for alleged violations of federal securities laws, includes all persons and entities that purchased or acquired Super Micro securities between August 31, 2023, and August 28, 2024, the defined "Class Period."

Bronstein, Gewirtz and Grossman, LLC, a reputable law firm, have also issued an alert to Super Micro Computer, Inc. shareholders, urging them to contact the firm today regarding the class action lawsuit. The lawsuit specifically targets Super Micro and certain officers of the company for their alleged violations of federal securities laws during the Class Period.

In the midst of these legal proceedings, Super Micro Computer Inc. recently underwent a 10-for-1 stock split. This split comes at a challenging time for the company, as they are facing allegations and an investigation into potential wrongdoings. Investors are now left wondering about the future of one of the semiconductor industry's leading companies.

For investors who have suffered losses on their Super Micro Computer, Inc. investment, there is an opportunity to seek potential recovery under the federal securities laws. Levi & Korsinsky encourages those affected to join the class action lawsuit for a chance to recoup their losses. By following the provided link or contacting Joseph E. Levi, Esq., investors can learn more about their options for seeking recovery.

Overall, Super Micro Computer, Inc. is navigating a complex legal landscape with the pending class action lawsuit, stock split controversy, and ongoing investigations. Investors are advised to stay informed about these developments and take appropriate action to protect their investments. If you have experienced losses on your Super Micro investment, it is crucial to explore all avenues for potential recovery.

About SMCI
Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services. The company also provides application-optimized server solutions, including rackmount and blade servers, storage systems, and subsystems and accessories; and server software management solutions, such as Server Management Suite, including Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, and SuperDoctor 5. In addition, it offers server subsystems and accessories comprising server boards, chassis, power supplies, and other accessories. Further, the company provides server and storage system integration, configuration, and software upgrade and update services; and technical documentation services, as well as identifies service requirements, creates and executes project plans, and conducts verification testing and training services. Additionally, it offers help desk and on-site product support services for its server and storage systems; and customer support services, including ongoing maintenance and technical support for its products. The company provides its products to enterprise data centers, cloud computing, artificial intelligence, and 5G and edge computing markets. It sells its products through direct sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. The company primarily operates in the United States, Europe, Asia, and internationally. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.

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