Super Micro Faces Delisting, S&P 500 Removal Amid Auditor Woes [Yahoo! Finance]
Nasdaq, Inc. (NDAQ)
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Source: Yahoo! Finance
But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc. and booted from the S&P 500. Most Read from Bloomberg From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Paris Restricts Through Traffic in City Center Istanbul Tries Free Public Transit to Help Job Seekers In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround Muddling the Message Around ‘Climate Havens' The troubled firm — which has seen shares plummet more than 75% since March — is due to give a business update on Tuesday after the close. Top of mind is what it says about meeting Nasdaq Inc.'s compliance obligations following the resignation of auditor Ernst & Young LLP last week. The auditor cited concerns about Super Micro's commitment to integrity and ethics — a blow that follows a US Department of Justice probe and a damaging short-seller report earlier this year. Super Micro's listing status wa
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