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SWKS INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
SWKSSkyworks(SWKS) GlobeNewswire News Room·2025-04-27 15:00

Core Viewpoint - The Skyworks class action lawsuit alleges that Skyworks Solutions, Inc. 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 [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Nunez v. Skyworks Solutions, Inc. and seeks to represent purchasers of Skyworks securities, alleging violations of the Securities Exchange Act of 1934 [1][2]. - A second complaint, Tsvetkov v. Skyworks Solutions, Inc., has also been filed, with lead plaintiff motions due by May 5, 2025 [1][2]. - The lawsuit claims that Skyworks misrepresented its financial health and growth prospects, particularly in relation to its largest customer and the impact of macroeconomic factors [3]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported first-quarter fiscal year 2025 results and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [4]. - Following this announcement, Skyworks' stock price dropped by more than 24% [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered 6.6billionforinvestorsinclassactioncases,significantlymorethananyotherfirminrecentyears[6].Thefirmhasastrongtrackrecord,includingthelargestsecuritiesclassactionrecoveryinhistoryat6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6]. - The firm has a strong track record, including the largest securities class action recovery in history at 7.2 billion [6].