Core Viewpoint - The Skyworks class action lawsuit alleges that Skyworks Solutions, Inc. and certain executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [1][4][5]. Group 1: Lawsuit Details - The 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]. - A second complaint, Tsvetkov v. Skyworks Solutions, Inc., has also been filed [1]. - The lawsuit claims that Skyworks misrepresented its revenue outlook and growth potential, particularly relying on its partnership with a major customer [4]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported first-quarter financial results for fiscal year 2025 and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [5]. - Following this announcement, Skyworks' stock price fell by more than 24% [5]. 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 in the lawsuit [6]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [7]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [7].
INVESTOR DEADLINE MONDAY: Robbins Geller Rudman & Dowd LLP Announces that Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - SWKS