Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Northern District of California on behalf of shareholders of Super Micro Computer, Inc. who purchased shares between April 30, 2025 and March 19, 2026.
According to the Complaint, Super Micro and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 19, 2026, post-market, the U.S. Department of Justice announced the unsealing of an indictment against three individuals associated with the Company, Yih-Shyan Liaw (the Company’s co-founder, director, and Senior Vice President of Business Development), Ruei-Tsang Chang (“a general manager in the [Super Micro’s] Taiwan office,” and Ting-Wei Sun (“a third-party broker and fixer”), for engaging in a “scheme to divert massive quantities of servers housing U.S. artificial intelligence technology to customers in China” violating U.S. export control laws, in order to “drive sales and generate revenues in violation of U.S. law” and enabled the sale of “approximately $2.5 billion worth of servers” between 2024 and 2025.
On this news, the price of Super Micro’s shares fell $10.26, or 33.3%, to close at $20.53 per share on March 20, 2026.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until May 26, 2026 to request that the court appoint them lead plaintiff.