Super Micro Hit With New Securities Suit as Firms Urge Investors to Meet May 26 Lead-Plaintiff Deadline

Overview

• Plaintiffs’ firm Hagens Berman filed a new case in the Northern District of California, captioned Chung v. Super Micro, that frames the August 28, 2024 10-K delay and the October 30, 2024 EY resignation as earlier partial corrective disclosures.
• Rival firms including Rosen, Faruqi & Faruqi, Kahn Swick & Foti, and the Law Offices of Howard G. Smith are recruiting applicants to lead the case, with motions due May 26, 2026 under the PSLRA.
• The DOJ unsealed an indictment on March 19, 2026 charging three people tied to Super Micro with diverting AI servers equipped with Nvidia chips to China in violation of U.S. export controls, alleging about $2.5 billion in sales.
• Super Micro says it is not a defendant in the criminal case, has put two employees on leave, ended a contractor’s engagement, and is cooperating with investigators.
• Shares fell about 33% on March 20, 2026 after the indictment, and competing complaints now dispute when the market first learned of the underlying issues, a question that could shape any damages calculation.