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Symbotic Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before February 3, 2025 to Discuss Your Rights - SYM

1. A class action notice was issued for Symbotic Inc. investors. 2. Allegations include improper revenue recognition from February to November 2024. 3. Defendants' statements about business prospects were misleading and lacked basis. 4. Deadline to seek lead plaintiff status is February 3, 2025. 5. Shareholders can register for monitoring and status updates.

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FAQ

Why Bearish?

Legal issues can negatively influence investor sentiment, as seen with other stocks facing similar allegations.

How important is it?

The legal situation may significantly affect SYM's stock performance and investor confidence.

Why Short Term?

The upcoming deadline for class action will likely create immediate investor reactions.

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NEW YORK, Jan. 20, 2025 /PRNewswire/ --

The Gross Law Firm issues the following notice to shareholders of Symbotic Inc. (NASDAQ: SYM).

Important Notice to Shareholders

Shareholders who purchased shares of SYM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/symbotic-loss-submission-form-2/?id=123362&from=4

CLASS PERIOD:

February 8, 2024 to November 26, 2024

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Symbotic improperly accelerated revenue recognition in its 2024 financial statements; and (2) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

DEADLINE:

February 3, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/symbotic-loss-submission-form-2/?id=123362&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of SYM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 3, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

SOURCE The Gross Law Firm

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