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SWKS Equity Alert: Kessler Topaz Meltzer & Check, LLP Alerts Shareholders of Securities Fraud Class Action Lawsuit Filed against Skyworks Solutions, Inc. (SWKS)
SWKSSkyworks(SWKS) GlobeNewswire News Room·2025-03-28 20:04

Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from July 30, 2024, to February 5, 2025 [1]. Group 1: Allegations Against Skyworks - The complaint claims that Skyworks failed to disclose that its relationship with Apple, its largest customer, did not ensure continued business for the anticipated iPhone launch [3]. - It is alleged that Skyworks oversold its position and ability to leverage AI in the smartphone upgrade cycle [3]. - The positive statements made by Skyworks regarding its business and operations were deemed materially misleading and lacked a reasonable basis throughout the class period [3]. Group 2: Legal Process for Investors - Investors in Skyworks have until May 5, 2025, to seek appointment as lead plaintiff, representing the class in the lawsuit [4]. - A lead plaintiff is typically the investor or group of investors with the largest financial interest and is responsible for directing the litigation [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the case and encourages affected investors to contact them for more information [5]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].