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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 5, 2025 in Skyworks Lawsuit – SWKS
GlobeNewswire News Room· 2025-04-28 16:34
Core Viewpoint - The Gross Law Firm is notifying shareholders of Skyworks Solutions, Inc. about a potential class action lawsuit due to misleading statements regarding the company's revenue expectations for fiscal year 2025, which led to a significant drop in stock price following disappointing financial results [1][3]. Summary by Sections Class Action Details - Shareholders who purchased shares of Skyworks Solutions (SWKS) between July 30, 2024, and February 5, 2025, are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1][3]. - The deadline for shareholders to register for the class action is May 5, 2025 [4]. Allegations and Financial Impact - The complaint alleges that Skyworks' management provided investors with overly optimistic information about the company's revenue and growth potential, particularly in the mobile business [3]. - On February 5, 2025, Skyworks announced its first-quarter financial results for fiscal year 2025, revealing lower-than-expected revenue guidance for the second quarter, attributing this to an intensified competitive landscape [3]. - Following this announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [3]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the case [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].
SWKS INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
GlobeNewswire News Room· 2025-04-27 15:00
Core Viewpoint - The Skyworks class action lawsuit alleges that Skyworks Solutions, Inc. and its executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Nunez v. Skyworks Solutions, Inc. and seeks to represent purchasers of Skyworks securities, alleging violations of the Securities Exchange Act of 1934 [1][2]. - A second complaint, Tsvetkov v. Skyworks Solutions, Inc., has also been filed, with lead plaintiff motions due by May 5, 2025 [1][2]. - The lawsuit claims that Skyworks misrepresented its financial health and growth prospects, particularly in relation to its largest customer and the impact of macroeconomic factors [3]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported first-quarter fiscal year 2025 results and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [4]. - Following this announcement, Skyworks' stock price dropped by more than 24% [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6]. - The firm has a strong track record, including the largest securities class action recovery in history at $7.2 billion [6].
SWKS Deadline: SWKS Investors with Losses in Excess of $100K Have Opportunity to Lead Skyworks Solutions, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-04-26 16:09
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Skyworks Solutions, Inc. securities between July 30, 2024, and February 5, 2025, of the May 5, 2025, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - A class action lawsuit has been filed against Skyworks Solutions, and investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2] - Investors wishing to serve as lead plaintiff must file a motion with the Court by May 5, 2025 [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3] Group 3: Case Allegations - The lawsuit alleges that during the class period, Skyworks' management provided misleading information regarding the company's expected revenue and its relationship with Apple, its largest customer [4] - Defendants are accused of overselling Skyworks' ability to capitalize on AI in the smartphone upgrade cycle while concealing adverse facts about the client base [4]
SWKS IMPORTANT DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages Skyworks Solutions, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important May 5 Deadline in Securities Class Action – SWKS
GlobeNewswire News Room· 2025-04-25 23:07
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Skyworks Solutions, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Skyworks securities is from July 30, 2024, to February 5, 2025, and the lead plaintiff deadline is May 5, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][5]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3]. Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Skyworks' management provided misleading information regarding the company's expected revenue and its relationship with Apple, its largest customer [4]. - Defendants are accused of overselling Skyworks' ability to capitalize on AI in the smartphone upgrade cycle while concealing adverse facts about its client base [4]. - The lawsuit claims that when the true details became known, investors suffered damages [4].
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a New Complaint to Recover Losses Suffered by Purchasers of Skyworks Solutions, Inc. Securities with a Lead Plaintiff Deadline of May 5, 2025
Prnewswire· 2025-04-25 19:55
Core Viewpoint - A class action lawsuit has been initiated against Skyworks Solutions, Inc. due to allegations of misleading investors regarding the company's expected revenue and business prospects during a specified period [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit spans from August 8, 2023, to February 5, 2025, during which investors are claimed to have been provided with material information about Skyworks' expected revenue for fiscal year 2025 [2]. - The lawsuit alleges that the defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported its financial results for Q1 of fiscal year 2025 and issued lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [3]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in just one day [3]. Group 3: Legal Process - Investors who suffered losses in Skyworks securities have until May 5, 2025, to request appointment as lead plaintiff in the lawsuit, although participation in any recovery does not require serving as lead plaintiff [4]. Group 4: Law Firm Background - Levi & Korsinsky, the law firm handling the case, has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 5, 2025 in Skyworks Solutions, Inc. Lawsuit - SWKS
Prnewswire· 2025-04-25 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that affected investors between July 30, 2024, and February 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by the company's statements regarding expected revenue for fiscal year 2025, including claims of growth potential and investment in new technologies [2]. - On February 5, 2025, Skyworks reported lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing the results to an intensified competitive landscape [2]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share, marking a decline of over 24% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
SWKS DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Skyworks Solutions, Inc. Investors to Secure Counsel Before Important May 5 Deadline in Securities Class Action – SWKS
GlobeNewswire News Room· 2025-04-22 18:26
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Skyworks Solutions, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Skyworks securities is from July 30, 2024, to February 5, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 5, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Skyworks' management provided misleading information regarding the company's expected revenue and growth potential, particularly in relation to its mobile business and technology investments [4]. - It is claimed that the management oversold the company's relationship with Apple, its largest customer, and its ability to leverage AI in the smartphone upgrade cycle [4]. - The lawsuit asserts that when the true state of affairs became known, investors suffered damages due to the misleading statements made by the defendants [4].
Investors in Skyworks Solutions, Inc. Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights – SWKS
GlobeNewswire News Room· 2025-04-21 16:57
Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that negatively impacted investors between July 30, 2024, and February 5, 2025 [1][2] Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors affected by misleading statements regarding Skyworks' expected revenue for fiscal year 2025 [2] - Defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2] - On February 5, 2025, Skyworks reported lower-than-expected revenue guidance for Q2 2025, attributing the results to an intensified competitive landscape [2] Group 2: Stock Price Impact - Following the announcement of disappointing financial results, Skyworks' stock price plummeted from $87.08 per share on February 5, 2025, to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [2] Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 4: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
Contact The Gross Law Firm by May 5, 2025 Deadline to Join Class Action Against Skyworks Solutions, Inc.(SWKS)
Prnewswire· 2025-04-21 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, leading to a significant drop in stock price following disappointing financial results [1][2]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with material information about Skyworks' expected revenue, expressing confidence in the company's mobile business expansion and investment in new technologies [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape, resulting in a stock price decline from $87.08 to $65.60, a drop of over 24% in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is from July 30, 2024, to February 5, 2025, and shareholders are encouraged to register for participation by May 5, 2025 [2]. - Registered shareholders will receive updates through portfolio monitoring software, and there is no cost or obligation to participate in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3].
SWKS Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Skyworks Solutions, Inc. (SWKS)
GlobeNewswire News Room· 2025-04-18 22:20
Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making false and misleading statements regarding its business operations and prospects during the class period from July 30, 2024, to February 5, 2025 [1]. Group 1: Allegations Against Skyworks - The complaint claims that Skyworks failed to disclose that its relationship with Apple, its largest customer, did not ensure continued business for the anticipated iPhone launch [3]. - It is alleged that Skyworks oversold its position and ability to leverage AI in the smartphone upgrade cycle [3]. - The positive statements made by Skyworks regarding its business and operations were deemed materially misleading and lacked a reasonable basis throughout the class period [3]. Group 2: Legal Process and Participation - Investors in Skyworks have until May 5, 2025, to seek appointment as lead plaintiff, representing the class in the lawsuit [4]. - A lead plaintiff is typically the investor or group of investors with the largest financial interest and who are representative of the class [4]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [4].