Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Jan. 07, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) investors of a class action representing investors that bought securities between February 8, 2024 and November 26, 2024, inclusive (the "Class Period"). Symbotic investors have until February 3, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. ...

Core Points - Symbotic Inc. achieved a score of 100 on the Human Rights Campaign Foundation's 2025 Corporate Equality Index, recognizing its commitment to LGBTQ+ workplace equality [1][3] - The 2025 CEI included a record 1,449 businesses, highlighting the growth of corporate policies promoting LGBTQ+ inclusion [3] - Symbotic is among 765 U.S. businesses receiving the Equality 100 Award for leadership in LGBTQ+ workplace inclusion [1] Company Commitment - The CEO of Symbotic emphasized that diversity and inclusion are foundational to the company's culture and innovation [2] - The Chief Human Resources Officer stated that the recognition reflects the company's efforts to create a respectful and appreciative workplace [4] Industry Context - The CEI rates companies based on criteria related to non-discrimination policies, equitable benefits for LGBTQ+ workers, inclusive culture, and corporate social responsibility [5][7] - A significant 98% of CEI-rated businesses have nondiscrimination protections specific to gender identity, indicating a strong trend towards inclusivity in the corporate sector [3]

WILMINGTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has received a score of 100 on the Human Rights Campaign Foundation's (HRCF) 2025 Corporate Equality Index (CEI), the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Symbotic joins the 765 U.S. businesses that will be honored with HRCF's Equality 100 Award a ...

NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Symbotic investors who were adversely affected by alleged securities fraud between February 8, 2024 and November 26, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/symbotic-lawsuit-submission-form- ...

WILMINGTON, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the appointment of Dr. James Kuffner as Chief Technology Officer (CTO), effective January 1, 2025, in line with the retirement of George Dramalis, Symbotic's former CTO. In his new role, Kuffner will be responsible for continuing to advance Symbotic's technologies and solutions to drive Symbotic's strategic long-term growth. "James has more than ...

SAN FRANCISCO, Jan. 6, 2025 /PRNewswire/ -- Symbotic Inc. (NASDAQ: SYM), a Wilmington, Mass.-based automation technology company, has filed restated financial statements for three fiscal 2024 quarters, revealing significant errors in its previously reported revenue and profitability figures. The restatements, filed on December 4, follow the revelation of accounting errors last month and come as the company faces a securities fraud class action lawsuit.Hagens Berman has opened an investigation and urges inve ...

NEW YORK, Jan. 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Symbotic Inc. (NASDAQ: SYM).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=120453&from=4CLASS PERIOD: February 8, 2024 to November 26 ...

Core Viewpoint - A lawsuit has been filed against Symbotic Inc. and its senior executives for potential violations of federal securities laws, following significant financial reporting issues that led to a substantial decline in stock price [1][2][5]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Massachusetts, captioned Decker v. Symbotic Inc., et al., No. 24-cv-12976, with investors having until February 3, 2025, to seek lead plaintiff status [2]. - Claims are made under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Symbotic securities [2]. Group 2: Company Background - Symbotic Inc. specializes in developing and operating robotics systems aimed at automating and optimizing warehouse and supply chain operations for major retailers and distributors [3]. Group 3: Financial Reporting Issues - On November 27, 2024, Symbotic announced a delay in filing its Form 10-K for fiscal year 2024 due to errors in revenue recognition and material weaknesses in internal controls over financial reporting [4]. - The company identified issues related to premature expense recognition and unbillable cost overruns, leading to an estimated $30–$40 million reduction in system revenue, gross profit, and adjusted EBITDA for fiscal year 2024 [4]. - Revenue outlook for the first quarter of fiscal 2025 was revised down to $480–$500 million from $495–$515 million, and adjusted EBITDA was reduced to $12–16 million from $27–31 million [4]. Group 4: Market Reaction - Following the announcement of the financial reporting issues, Symbotic's stock price declined over 35% during trading on November 27, 2024 [5].

RADNOR, Pa., Jan. 4, 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 ...

Core Viewpoint - Symbotic Inc. is facing a class action lawsuit due to significant errors in revenue recognition and internal control weaknesses, leading to a substantial reduction in financial outlook for fiscal year 2024 and the first quarter of fiscal 2025 [2][6][7]. Financial Impact - The company announced a $30–$40 million reduction in system revenue, gross profit, and adjusted EBITDA for fiscal year 2024 [2]. - Revenue outlook for the first quarter of fiscal 2025 was revised down to $480–$500 million from $495–$515 million, and adjusted EBITDA was reduced to $12–$16 million from $27–$31 million [2]. Legal Proceedings - A lawsuit has been filed against Symbotic and certain senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [6][7]. - Investors have until February 3, 2025, to request to lead the case, which is pending in the U.S. District Court for the District of Massachusetts [7]. Stock Market Reaction - Following the announcement of the financial discrepancies, Symbotic's stock price declined over 35% during trading on November 27, 2024 [9]. Company Overview - Symbotic Inc. specializes in developing and operating robotics systems aimed at automating and optimizing warehouse and supply chain operations for major retailers and distributors [8].