Hagens Berman Files New Securities Class Action Against Super Micro Computer (SMCI) And Its Senior Executives: New Complaint Alleges Additional Corrective Disclosures; Lead Plaintiff Filing Deadline Remains May 26, 2026
Hagens Berman has filed a new securities class action lawsuit against Super Micro Computer (SMCI) and its senior executives, alleging a massive illegal scheme to sell AI servers with Nvidia chips subject to U.S. export restrictions to China. The lawsuit claims that Super Micro concealed this fraud through deceptive practices and only partially disclosed corrective information, leading to significant stock price declines when the full scope of the scheme was revealed. The Lead Plaintiff filing deadline for investors who purchased Super Micro common stock between February 2, 2024, and March 19, 2026, remains May 26, 2026.
https://www.morningstar.com/news/pr-newswire/20260514sf59991/hagens-berman-files-new-securities-class-action-against-super-micro-computer-smci-and-its-senior-executives-new-complaint-alleges-additional-corrective-disclosures-lead-plaintiff-filing-deadline-remains-may-26-2026