ACCESSWIRE
24 Jan 2023, 03:55 GMT+10
NEW YORK, NY / ACCESSWIRE / January 23, 2023 / Pomerantz LLP is investigating claims on behalf of investors of Super Micro Computer, Inc. ('Super Micro' or the 'Company') (NASDAQ:SMCI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Super Micro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On January 10, 2023, market analyst Spruce Point Capital released a report about Super Micro asserting, among other things, that Spruce Point Capital 'has grave concerns about the accuracy of [Super Micro's] financial reporting and sustainability of its recent stock price performance.'
On this news, Super Micro's stock price fell $6.40 per share, or 7.55%, to close at $78.37 per share on January 10, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
SOURCE: Pomerantz LLP
Get a daily dose of San Francisco Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Francisco Star.
More InformationNew York [US], January 30 (ANI) The Adani Group has attempted to conflate its meteoric rise and the wealth of ...
The Washington Mystics reached a multiyear deal with free-agent guard Brittney Sykes, according to multiple reports on Sunday. Sykes, 28, ...
Adama Sanogo and No. 19 UConn will attempt to climb back to the .500 mark in Big East play when ...
© Provided by Xinhua BEIJING, Jan. 30 (Xinhua) -- The United States has suffered 44 mass shootings this year as ...
Virginia Tech coach Mike Young approached guard Hunter Cattoor before the Hokies' most recent game to ask him how he ...
OpTic Texas stormed back for a dramatic reverse sweep of the Atlanta FaZe on the final day of qualifying Sunday ...
NEW YORK CITY, New York: After being convicted of stealing more than $900,000 from the company, Rosita Joseph, former executive ...
WASHINGTON D.C.: The US State Department has said that in the latest fiscal year, US military equipment exported to foreign ...
MACAU CITY, Macau: Over the Lunar New Year holiday, Macau, the world's largest gambling hub, witnessed a resurgence of tourists ...
WASHINGTON D.C.: Republican US Senator Josh Hawley has said that he plans to introduce a bill to ban the use ...
WASHINGTON D.C.: This week, the US Food and Drug Administration (FDA) proposed significant limits on levels of lead in processed ...
WASHINGTON, D.C.: Finland and Sweden are prepared to join the NATO alliance, the U.S. State Department announced this week.The move ...