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Kahn Swick & Foti, LLC (“KSF”) and partner Charles C. Foti, Jr., a former Attorney General of Louisiana, announced that they are notifying investors in Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NasdaqGS: SMCI) of class action securities lawsuits.
The lawsuits seek to recover losses on behalf of investors who allege they were adversely affected by securities fraud during the period from February 2, 2024 to March 19, 2026.
According to the complaint, Super Micro and certain executives are charged with failing to disclose material information during the class period, in violation of federal securities laws.
On March 19, 2026, after market close, the U.S. Department of Justice announced the unsealing of an indictment against three individuals associated with the company: Yih-Shyan Liaw (the company’s co-founder, director, and Senior Vice President of Business Development), Ruei-Tsang Chang (a general manager in the Super Micro’s Taiwan office), and Ting-Wei Sun (a third-party broker and fixer).
The DOJ announcement described a “scheme to divert massive quantities of servers housing U.S. artificial intelligence technology to customers in China,” alleging violations of U.S. export control laws. The DOJ said the alleged conduct was intended to “drive sales and generate revenues in violation of U.S. law” and enabled the sale of “approximately $2.5 billion worth of servers” between 2024 and 2025.
Following the news, Super Micro’s shares fell $10.26, or 33.3%, to close at $20.53 per share on March 20, 2026.
The first-filed case is Bhuva v. Super Micro Computer, Inc., et al., No. 26-cv-02606. A subsequent case, City of Hialeah Employees Retirement System v. Super Micro Computer, Inc., et al., No. 26-cv-3018, expanded the class period.
Investors who allege they suffered losses during the relevant time frame have until May 26, 2026 to request that the courts appoint them as lead plaintiff. The notice also states that eligibility to share in any recovery does not require serving as a lead plaintiff.
KSF Managing Partner Lewis Kahn can be reached toll-free at 1-877-515-1850 or by email at lewis.kahn@ksfcounsel.com. Additional case information is available at https://ksfcounsel.com/cases/nasdaqgs-smci-2/.
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