Super Micro Computer Shareholders Lose Big Following Short Seller Report

After shares in Super Micro Computer, Inc. fell 21% overnight in August, 2024, shareholders waved the red flag and filed a class action lawsuit against the company.

SMCI makes and develops various computing technologies. For years, the Company consistently issued glowing financial projections to investors. Those statements short-circuited when, in August 2024, a short seller report alerted the public that SMCI was engaged in self-dealing, had various accounting irregularities in its books, and its patents might have technical problems. Additionally, investors learned SMCI might be running afoul of U.S. export laws, putting the Company at risk of government sanctions.

Investors and analysts expressed shock at the short seller report findings, and investors pulled the plug on SMCI shares, causing many shareholders to suffer financial losses. These shareholders are now joining the recently filed class action lawsuit.

Join the Lawsuit.