BOSTON, Sept. 09, 2015 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm whose attorneys have recovered billions of dollars for investors affected by securities fraud, announces that there has been a class action lawsuit filed against Super Micro Computer, Inc. (“SMCI” or the “Company”) (NASDAQ:SMCI) and certain of its officers and directors alleging violations of the federal securities laws.
The litigation filed against the Company is pending in United States District Court for the Northern District of California and is case number 15-cv-04049. It was filed on behalf of a class consisting of all persons or entities who purchased or otherwise acquired SMCI securities between September 15, 2014 and August 31, 2015 inclusive (the “Class Period”).
After the close of trading on August 31, 2015, SMCI filed a Form 12b-25 with the United States Securities and Exchange Commission (the “SEC”) announcing that it was not going to be able to timely file its Form 10-K for the fiscal year ended June 30, 2015. According to the Company, the cause of the delay was recently discovered irregularities regarding certain marketing expenses. The Company was investigating the matter internally, and stated that “additional time is required for [the Company] to complete its investigation of the matter.”
Since the August 31, 2015, announcement, the Company’s stock has fallen over 8%, representing a loss to investors of approximately $100 million.
Block & Leviton’s investigation seeks to determine whether SMCI or its officers and directors violated the federal securities laws through the underlying issues that caused the Company to miss its filing deadlines with the SEC. If you purchased or otherwise acquired SMCI securities during the Class Period, and have questions about your legal rights or possess information relevant to this investigation, please contact attorney Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or email him at Steven@blockesq.com.
Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
This notice may constitute attorney advertising.