Labaton Keller Sucharow LLP Files Securities Class Action Against Synopsys, Inc. and Certain of Its Executives

Core Viewpoint - Labaton Keller Sucharow LLP has filed a securities class action lawsuit against Synopsys, Inc. and certain executives, alleging misleading statements and omissions regarding the company's financial performance and business operations during the class period from December 4, 2024, to September 9, 2025 [1][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of the New England Teamsters Pension Fund and includes claims under the Securities Exchange Act of 1934 and the Securities Act of 1933 [1][2]. - The action expands upon a previously filed lawsuit, adding claims related to the acquisition of Ansys, Inc. [2]. - Investors wishing to serve as Lead Plaintiff must file a motion by December 30, 2025 [2][7]. Group 2: Company Overview - Synopsys, based in Mountain View, California, provides software and services for designing and verifying semiconductor chips [3]. - The company's products include electronic design automation tools and software security solutions, serving major semiconductor and electronics manufacturers [3]. Group 3: Allegations Against Defendants - The lawsuit alleges that Synopsys misled investors by failing to disclose issues related to its Design IP business and the impact of its focus on artificial intelligence customers [4]. - It claims that these undisclosed issues materially harmed the company's financial performance and that positive statements made during the class period were misleading [4]. - The truth was revealed on September 9, 2025, when Synopsys reported weak financial results, leading to a 35.8% drop in stock price from $604.37 to $387.78 per share [5][6].