The former strategy director at Super Micro Computer, Bob K. Luong, has made additional claims against the company, alleging retaliation and termination for raising concerns about questionable accounting practices.
Luong's legal team has filed a motion to submit an amended whistleblower complaint in federal court. The allegations include improper revenue recognition and the shipment of incomplete equipment, which Luong argues were tactics used to artificially enhance the company's financial standing.
Luong also alleges that the CEO's wife and her brother engaged in negotiations with Compuware's CEO to manipulate payment terms while still allowing for early revenue recognition.
Luong claims that his concerns were dismissed, leading to his unpaid leave and eventual termination. Super Micro maintains that Luong was placed on administrative leave due to complaints about his alleged abusive behavior towards subordinates. The company asserts that Luong's refusal to cooperate with the investigation into his conduct was a significant factor in his dismissal.
Luong's attorney argues that the company mischaracterized his actions.
Luong's claims also suggest that the CEO's familial connections may have influenced business dealings, particularly with Compuware. The outcome of this case could have implications beyond Super Micro, potentially impacting investor confidence and regulatory scrutiny in the tech industry.
Super Micro has publicly denied Luong's allegations and has chosen not to comment further on the ongoing legal matters. It will be important to monitor how the company addresses these claims and whether it takes steps to enhance its internal compliance mechanisms.