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Supermicro lawsuits and enforcement actions

3 cases · 1 active

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SecuritiesActivefiled Aug 2024AAverza sued v. Super Micro ComputerShareholders allege Super Micro misled investors about its financial results and internal controls before its 2024 accounting turmoil.N.D. Cal.SecuritiesSettledfiled Aug 2020SEC: Super Micro accounting violationsThe SEC found Super Micro recognized revenue too early and understated expenses for at least three years.$17.5 millionSECSecuritiesSettledfiled Feb 2018HHessefort sued v. Super Micro ComputerInvestors alleged Super Micro misstated revenue recognition, the issue that also led to a 2020 SEC accounting case.$18.25 millionN.D. Cal.
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