Nubank & Supermicro

Nubank: Nubank is facing a class action lawsuit for allegedly consistently overselling its projected book-to-bill ratio, knowing or recklessly disregarding the impact of cancellations, and reassuring investors about the lack of diversity in its pre-backlog.

Supermicro: Supermicro is facing a class action lawsuit for allegedly making misleading statements and failing to disclose sales to China that violated U.S. export control laws, leading to potential financial losses for investors.