Overview
- Robbins Geller said Friday that investors have filed a federal class action in San Francisco and set a May 26, 2026 deadline for motions to lead the case.
- The complaints say Super Micro misled investors by hiding how much server revenue came from China, by violating U.S. export controls, and by failing to fix weak compliance checks.
- Those suits follow the DOJ’s Thursday, March 19 indictment of three people tied to the company for steering servers with restricted AI GPUs to China without Commerce Department licenses.
- Prosecutors said the alleged diversion enabled about $2.5 billion in server sales during 2024 and 2025, which helped trigger a 33% stock drop on Friday, March 20 that erased about $6.1 billion in value.
- Super Micro says it is cooperating with authorities, co‑founder Yih‑Shyan Liaw has left the board, and Nvidia has not been charged and is not named in the civil case.