Thieler Law Corp advises investors with losses exceeding $100,000 of the November 3, 2015 lead plaintiff deadline in a class action lawsuit filed against Super Micro Computer Inc (NASDAQ: SMCI) (“Super Micro” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Super Micro securities between September 15, 2014 and August 31, 2015, have until November 3, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Super Micro securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company failed to record expenses and financial reports properly and as a result, the Company’s reported net income was misstated. The plaintiff also asserts that Super Micro failed to disclose that the Company lacked adequate internal financial controls and that as a result of the above the Company’s financial statements were materially false and misleading during the times specified in the complaint.

On August 31, 2015, after the market had closed, Super Micro Computer announced that the Company “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] recently discovered certain irregularities regarding certain marketing expenses and additional time is required for [the Company] to complete its investigation of the matter.”

After the release of this news, NASDAQ: SMCI stock declined $2.58 per share, or 9.43%, to close at $24.77 on September 1, 2015.

If you were negatively impacted by your investment in Super Micro securities between September 15, 2014 and August 31, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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