SAN DIEGO, Sept. 09, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in California on behalf of certain purchasers of shares of Super Micro Computer, Inc. (NASDAQ:SMCI) over alleged Securities Laws Violations by Super Micro Computer, Inc.
Investors who purchased shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have certain options and for certain investors are short and strict deadlines running. Deadline: November 3, 2015. (NASDAQ:SMCI) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that between September 15, 2014 and August 31, 2015 made allegedly false and/or misleading statements and/or allegedly failed to disclose that Super Micro Computer, Inc. improperly recorded expenses in its financial reports, that as a result, Super Micro Computer’s reported net income was misstated, that Super Micro Computer, Inc. lacked adequate internal financial controls, and that as a result of the above, Super Micro Computer’s financial statements were materially false and misleading at all relevant times.
On August 31, 2015, post-market, Super Micro Computer, Inc. announced that it has determined that it is unable to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2015 within the prescribed time period without unreasonable effort or expense. Super Micro Computer, Inc. said that it recently discovered certain irregularities regarding certain marketing expenses and additional time is required for Super Micro Computer, Inc. to complete its investigation of the matter.
Those who purchased (NASDAQ:SMCI) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.