Core Viewpoint - A class action securities lawsuit has been filed against Symbotic Inc. alleging securities fraud related to improper revenue recognition in its 2024 financial statements [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors who were adversely affected by alleged securities fraud between February 8, 2024, and November 26, 2024 [1]. - The complaint claims that Symbotic made false statements and concealed information regarding the acceleration of revenue recognition, leading to materially false and misleading statements about the Company's business and prospects [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until February 3, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Symbotic Inc. Class Action: Levi & Korsinsky Reminds Symbotic Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 3, 2025 – SYM