Core Viewpoint - The Skyworks Solutions, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Nunez v. Skyworks Solutions, Inc., and covers purchasers of Skyworks securities from July 30, 2024, to February 5, 2025 [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Skyworks misrepresented its revenue outlook and growth potential, particularly in relation to its largest customer and the launch of a new phone [3]. Group 2: Financial Performance and Impact - On February 5, 2025, Skyworks reported its first-quarter fiscal year 2025 results and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [4]. - Following the announcement, Skyworks' stock price fell by more than 24% [4]. Group 3: Legal Representation and Process - Robbins Geller Rudman & Dowd LLP is leading the class action lawsuit and is recognized as a top law firm in securities fraud cases, having recovered $6.6 billion for investors in related cases [6]. - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek lead plaintiff status [5].
SWKS INVESTOR DEADLINE: Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit