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 adversely affected by alleged securities fraud occurring 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 specified timeframe have until February 3, 2025, to request appointment 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: Law 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].
Class Action Filed Against Symbotic Inc. (SYM) - February 3, 2025 Deadline to Join - Contact Levi & Korsinsky