Robbins Arroyo LLP Is Investigating the Officers and Directors of Super Micro Computer, Inc. (SMCI) After Report Alleging Chinese Hacking Crashes Stock Price
SAN DIEGO & SAN JOSE, Calif.--(BUSINESS WIRE)--Oct 8, 2018--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Super Micro Computer, Inc. (OTC: SMCI) breached their fiduciary duties to shareholders. In the most significant supply chain attack known to have been carried out against American companies, Chinese spies infiltrated server motherboards made by Super Micro in an unprecedented attempt to access high-value corporate secrets and sensitive government networks. To carry out their massive hardware hack, Super Micro’s manufacturing subcontractors in China placed miniature microchips on motherboards that ended up in data centers in nearly 30 companies. These microchips allowed Chinese spies to gain access to government contractors, major tech companies, including Apple Inc., and a major bank. In the wake of a recent report detailing the hack, Super Micro’s stock price plunged over 42% and currently trades at approximately $12.40 per share.
View this press release on the firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/
Super Micro Computer Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181008005712/en/
CONTACT: Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CHINA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Robbins Arroyo LLP
Copyright Business Wire 2018.
PUB: 10/08/2018 02:22 PM/DISC: 10/08/2018 02:22 PM