RADNOR, Pa.–(NewMediaWire)–January 05, 2025– The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) advises investors that a securities class action has been filed against Symbotic Inc (NASDAQ: ). (Symbotic) (NASDAQ: SYM) on behalf of those who purchased or otherwise acquired Symbotic securities between February 8, 2024 and November 26, 2024, inclusive (the Class Period). The deadline for the chief prosecutor is February 3, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you have suffered Symbotic losses, you can CLICK HERE or copy and paste this link into your browser: https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&utm_medium=link&utm_campaign=sym&mktm=r
You may also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or emailing info@ktmc.com.
ALLEGED MISCONDUCT OF THE ACCUSED:
The complaint alleges that during the Lecture Period, the defendants made materially false and/or misleading statements, as well as failed to disclose materially negative facts about the company’s business, operations and prospects. Specifically, Defendants failed to disclose to investors that: (1) Symbotic improperly accelerated revenue recognition in its second and third quarter 2024 financial statements; (2) the company had a significant weakness in its internal controls over financial reporting; and (3) as a result of the foregoing, the defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.
PROCEDURE OF THE CHIEF PROSECUTOR:
Symbiotic Investors may, no later than February 3, 2025, seek to be appointed as the lead class plaintiff representative through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to do nothing and remain an absent class member. The lead plaintiff is the representative party that acts on behalf of all class members in the conduct of the litigation. The lead plaintiff is usually an investor or a small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and those attorneys, if approved by the court, are lead or class counsel. Deciding whether or not to be the lead claimant does not affect your ability to participate in the recovery.
Kessler Topaz Meltzer & Check, LLP encourages Symbotic investors who have suffered significant losses to contact the firm directly for more information.
CLICK HERE TO APPLY FOR A CASE OR COPY AND PASTE THIS LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&utm_medium=link&utm_campaign=sym&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP litigates class actions in state and federal courts nationwide and around the world. The company has built a global reputation for excellence and has recovered billions of dollars from victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The appeal in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
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