Super Micro Computer, Inc. (NASDAQ:SMCI) Shareholder Alert: Lawsuit Alleges Violations of Federal Securities Laws

A lawsuit was filed on behalf of investors in Super Micro Computer, Inc. (NASDAQ:SMCI) shares over alleged securities laws violations and NASDAQ:SMCI investors should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 09/28/2015 --The Shareholders Foundation announced that a shareholder in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) filed a lawsuit against Super Micro Computer, Inc. over alleged Securities Laws violationsin connection with certain allegedly false and misleading statements.

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) declined from $41.13 per share in February 2015 to as low as $23.42 per share on September 1, 2015.

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 or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Super Micro Computer, Inc. (NASDAQ:SMCI) common shares between September 15, 2014 and August 31, 2015, that the defendants violated Federal Securities Laws. More specifically, 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.

On September 25, 2015, NASDAQ:SMCI shares closed at $27.80 per share.

Those who purchased shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/628291