Levi & Korsinsky files class action lawsuit against Super Micro Computer for alleged securities fraud

Levi & Korsinsky, LLP has announced a class action lawsuit against Super Micro Computer, Inc. The lawsuit targets investors who experienced losses due to alleged securities fraud between February 2, 2021, and August 28, 2024. The complaint claims that the company made false statements regarding its financial practices, including premature revenue recognition and undisclosed related party transactions. These actions allegedly misled investors about the company's operations and prospects. Investors affected by these issues have until October 29, 2024, to request to be appointed as lead plaintiff. Participation in the lawsuit does not require any out-of-pocket costs for class members.