Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Super Micro Computer Inc (NASDAQ: SMCI) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Super Micro Computer Inc (NASDAQ: SMCI) concerning whether a series of statements by Super Micro Computer Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 26, 2017, the Company revealed it was delaying the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2017 due, in part, to “a sales transaction [that] was subject to additional inquiry and review.” The Company stated that the aforementioned transaction was originally recorded as revenue during the quarter ended December 31, 2016, but that prior to review by the Company's auditors and the Company's public announcement of its results for the quarter, the recognition of revenue was reversed and recognized in the quarter ended March 31, 2017. Super Micro Computer’s audit committee is investigating whether similar transactions occurred and were properly accounted for.

Following this news, (NASDAQ: SMCI) dropped $1.22 per share or over 5% to close at $20.48 per share on October 27, 2017.

Based in San Jose, California, and founded in 1993 Super Micro Computer Inc develops and provides high performance server solutions based on modular and open architecture.

If you purchased shares of Super Micro Computer Inc (NASDAQ: SMCI) on or before October 26, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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