Investor Alert: Kaplan Fox Announces Investigation Of Super Micro Computer, Inc.
NEW YORK, Oct. 4, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating Super Micro Computer, Inc. ("Super Micro" or the "Company") (OTC: SMCI) concerning potential securities law violations. Investors who purchased Super Micro securities may be affected.
On October 4, 2018, Bloomberg Businessweek published a report that tiny spy chips had been inserted in computer motherboards manufactured in China for US-based supplier Super Micro as an attack on the U.S federal government and major American technology companies. According to the article, "[t]he chips had been inserted during the manufacturing process . . .by operatives of the People's Liberation Army. In Super Micro, China's spies appear to have found a perfect conduit for what U.S. officials now describe as the most significant supply chain attack known to have been carried out against American companies."
Reportedly, Apple Inc. ("Apple") made its discovery of suspicious chips inside Super Micro servers around May 2015, after detecting odd network activity and firmware problems, according to a person familiar with the timeline. In 2015, Amazon.com, Inc. ("Amazon") reportedly became aware of the tiny microchips nested in the servers of Elemental Technologies ("Elemental") during due diligence for the potential acquisition of Elemental. Amazon, Apple and Super Micro dispute Bloomberg Businessweek's reporting in emailed statements.
Following this news, on October 4, 2018, the price of Super Micro shares plunged in midday trading.
If you are an Super Micro investor and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this press release, your rights, or your interests, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California 94104
(415) 772-4700
Fax: (415) 772-4707
E-mail: [email protected]
SOURCE Kaplan Fox & Kilsheimer LLP
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