(Reuters) -The U.S. Department of Justice is investigating Super Micro Computer, the Wall Street Journal reported on Thursday, nearly a month after sh

US Justice Department probes Super Micro Computer, WSJ reports

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2024-09-26 20:30:04

(Reuters) -The U.S. Department of Justice is investigating Super Micro Computer, the Wall Street Journal reported on Thursday, nearly a month after short-seller Hindenburg Research alleged "accounting manipulation" at the AI server maker.

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.

The prosecutor has asked for information that appeared to be connected to a former employee who accused the company of accounting violations, the report added.

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".

The short-seller had cited a three-month investigation that included interviews with former senior employees of Super Micro and litigation records.

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