US Justice Department probes Super Micro Computer, WSJ reports
- Posted on September 26, 2024
- By Yahoo News
- 1 Views
US Justice Department probes Super Micro Computer, WSJ reports
Super Micro's shares fell nearly 17% following the report. The WSJ report, which cited people familiar with the matter, said the probe was at an early stage and that a prosecutor at a U.S. attorney's office recently contacted people who may be holding relevant information. Super Micro had late last month delayed filing its annual report, citing a need to assess "its internal controls over financial reporting," a day after Hindenburg disclosed a short position and made claims of "accounting manipulation".