Supermicro being investigated by the Justice Department following a short report by Hindenburg Research, Jonathan Weil and Ben Foldy of Wall Street Journal report, citing people familiar with the matter. A prosecutor at the U.S. attorney’s office in San Francisco recently has contacted people to seek information that appeared to be connected to a former employee who accused the company of accounting violations, reports the Journal. The probe is at an early stage, the sources added. Shares of Supermicro are down 5%, or $21.83, to $436.32 following the report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMCI:
- Supermicro being probed by Justice Department, WSJ reports
- Super Micro trading halted, volatility trading pause
- Supermicro down 4% to $438.75 after WSJ report of DOJ probe
- Super Micro Computer or Dell: Mizuho Selects the One Must-Buy AI Stock
- Should Investors Double Down on Super Micro Computer’s (NASDAQ:SMCI) Stock?