SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Super Micro Computer, Inc. - SMCI
ACCESS Newswire
23 Jan 2023, 23:25 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 [email protected] 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
View source version on accesswire.com:
https://www.accesswire.com/736328/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-Super-Micro-Computer-Inc--SMCI
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Hawaii Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hawaii Telegraph.
More InformationNative leaders, activists oppose detention site on Florida wetlands
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
Beijing crowds cheer AI-powered robots over real soccer players
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
COVID-19 source still unknown, says WHO panel
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
Fox faces $787 million lawsuit from Newsom over Trump phone call
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
DeepSeek faces app store ban in Germany over data transfer fears
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Canadian option offered to Harvard graduates facing US visa issues
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
Tech stocks slide, industrials surge on Wall Street
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
Canada-US trade talks resume after Carney rescinds tech tax
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Lululemon accuses Costco of selling knockoff apparel
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
Shell rejects claim of early merger talks with BP
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
Wall Street extends rally, Standard and Poor's 500 hits new high
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
Canadian tax on US tech giants dropped after Trump fury
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
