Synopsys(US:SNPS) Globenewswire·2025-11-20 21:25Core Viewpoint - A class action securities lawsuit has been filed against Synopsys, Inc. alleging securities fraud that negatively impacted investors between December 4, 2024, and September 9, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that the defendants made false statements and concealed information regarding the negative impact of the Company's focus on artificial intelligence customers on its Design IP business [2]. - It is alleged that certain decisions regarding the Company's roadmap and resources were unlikely to achieve their intended results, leading to a material negative impact on financial results [2]. - The lawsuit asserts that the defendants' positive statements about the Company's business and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until December 30, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].