Super Micro Computer is Up, But Not in the Clear Yet
This morning, Super Micro announced the findings of its special committee’s audit. The findings by Cooley LLP and forensic accounting experts from Secretariat Advisors, LLC, reported no evidence of misconduct by management or the Board of Directors. Most importantly, the company will have no restatement of financials.
Super Micro Computer stock surges 23% after a probe clears management of misconduct
Shares of Super Micro Computer (SMCI) (SMCI) soared 23% on Monday morning following the announcement that an independent special committee had concluded its investigation into the company’s operations and found no evidence of misconduct by the company’s management or Board of Directors.
SMCI clears hurdle in investigation, with no evidence of fraud/misconduct. JPMorgan cautious due to low compliance visibility ...
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