Super Micro Computer Inc. leaders misled investors with positive statements about the server maker’s financial performance before a short seller flagged potential accounting manipulation, according to the latest shareholder lawsuit filed against the company.

Super Micro shares set to shed another 20%-plus on Wednesday as the company acknowledged its filing delay could have some impact on the business.

The server maker said it continues to work on matters related to its filings with the SEC, and now expects lower sales than it had previously guided for in its fiscal first quarter.

Super Micro Computer said on Tuesday it cannot predict when it would file its annual report with the U.S. Securities and Exchange Commission and that the results of a special committee probe showed there was no evidence of fraud on the part of management or the board.

Super Micro says its special committee has so far found that its audit committee “acted independently and that there is no evidence of fraud or misconduct on the part of management” or the board.

Things have gone from bad to worse for Super Micro Computer (NASDAQ: SMCI) over the last two months as a short-seller attack snowballed into a delay in its 10-K filing, an investigation by the Department of Justice,

Super Micro Computer Inc. (SMCI) shares plummeted more than 24% on Wednesday after the AI hardware company released a disappointing preliminary first-quarter report and failed to confirm a timeline for its actual first-quarter results.