Reported 11 days ago
The U.S. Department of Justice is reportedly probing Super Micro Computer following allegations of accounting manipulation by short-seller Hindenburg Research. The investigation is in its early stages, and the company's shares have dropped approximately 12% after the news. Super Micro delayed its annual report due to concerns over its internal financial controls, while Hindenburg claimed to have evidence of various violations, which the company denies.
Source: YAHOO