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Symbotic Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before February 3, 2025 to Discuss Your Rights - SYM
Symbotic Symbotic (US:SYM) Prnewswireยท2025-01-14 10:45

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 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 specified timeframe have until February 3, 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 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].