Symbotic (US:SYM) Prnewswireยท2024-12-30 10:45Core Viewpoint - The Gross Law Firm has announced a class action lawsuit against Symbotic Inc. for allegedly issuing materially false and misleading statements regarding its financial practices, specifically related to revenue recognition in its 2024 financial statements [2][4]. Group 1: Allegations and Class Period - The complaint alleges that Symbotic improperly accelerated revenue recognition, leading to materially false statements about the company's business and prospects [2]. - The class period for the lawsuit is defined as February 8, 2024, to November 26, 2024 [4]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of SYM during the class period are encouraged to register for the class action and will be enrolled in a portfolio monitoring software for updates [3]. - The deadline for shareholders to seek lead plaintiff status is February 3, 2025, with no cost or obligation to participate in the case [3][5]. Group 3: Firm's Commitment - The Gross Law Firm is dedicated to protecting investors' rights and ensuring companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [4].