Super Micro Sued Over Stock Losses After Short-Seller Report (1)

Super Micro Computer Inc. misled the market prior to a recent report accusing it of misconduct, investors say in two separate would-be class actions over a shock to the server company’s stock price.

Short seller Hindenburg Research said in an Aug. 27 report that Super Micro manipulated its accounting, failed to disclose that two suppliers were owned by the CEO’s brother, and evaded sanctions, according to the complaints, both filed Aug. 30 in the US District Court for the Northern District of California.

Super Micro’s stock price declined 2.6%, closing at $547.64 per share that day. And when it announced ...