StockNews.AI
SYM
StockNews.AI
211 days

SYM Deadline Approaching on February 3, 2025: Kessler Topaz Meltzer & Check, LLP Reminds Symbotic Inc. (SYM) Investors of Class Action Lawsuit Deadline

1. Securities class action lawsuit filed against Symbotic for misleading statements. 2. Allegations include improper revenue recognition and weak internal controls. 3. Investors can seek lead plaintiff status by February 3, 2025. 4. Misconduct may adversely affect the company's financial outlook. 5. Class period covers losses from February 8 to November 26, 2024.

5m saved
Insight
Article

FAQ

Why Very Bearish?

The lawsuit indicates serious governance issues that can erode investor confidence.

How important is it?

The lawsuit highlights critical issues that threaten investor trust and stock value.

Why Short Term?

Immediate concerns over financial reporting can quickly affect stock performance.

Related Companies

SYM
RADNOR, Pa., Jan. 20, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Symbotic Inc. ("Symbotic") (NASDAQ: SYM) on behalf of those who purchased or otherwise acquired Symbotic securities between February 8, 2024, and November 26, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is February 3, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Symbotic losses, you may CLICK HERE or copy and paste this link into your browser: https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&utm_medium=link&utm_campaign=sym&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT:The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Symbotic improperly accelerated its revenue recognition in its second and third quarter 2024 financial statements; (2) the company had a material weakness in its internal controls over financial reporting; and (3) as a result of the foregoing, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtu.be/bC6h5Y8n6B4 THE LEAD PLAINTIFF PROCESS:Symbotic investors may, no later than February 3, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Symbotic investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR COPY AND PASTE THIS LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&utm_medium=link&utm_campaign=sym&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT:Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087[email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. SOURCE Kessler Topaz Meltzer & Check, LLP

Related News