#USA #Class Action #Kessler Topaz #Radnor #Symbotic Inc.

Symbotic Inc. Investors: Class Action Lawsuit Alert

As the deadline for potential class action participation approaches, investors of Symbotic Inc. are urged to take necessary actions. The law firm Kessler Topaz Meltzer & Check, LLP has issued a reminder concerning the securities class action lawsuit that has been filed against Symbotic Inc. (NASDAQ: SYM). This lawsuit pertains to investors who purchased or acquired Symbotic's securities between February 8, 2024, and November 26, 2024. The critical lead plaintiff deadline is set for February 3, 2025.

Background of the Lawsuit

The lawsuit claims that during the class period, Symbotic's management made materially false statements and failed to disclose critical adverse facts about the company’s business performance and future prospects. Specifically, the defendants allegedly:
1. Improperly accelerated their revenue recognition during the second and third quarters of 2024.
2. Had significant weaknesses in their internal controls regarding financial reporting.
3. Misled investors regarding the company’s overall operational health and future outlook.

The consequences of these alleged actions have prompted Kessler Topaz Meltzer & Check, LLP to urge affected investors to consider joining the class action.

Process to Become a Lead Plaintiff

If you are a Symbotic investor who has suffered losses during the designated timeframe, you can seek to be appointed as a lead plaintiff, which represents the interests of all class members in directing the legal proceedings. Interested investors should act before February 3, 2025, to either join the class as a lead plaintiff or opt to remain as an absent member.

The firm encourages affected investors to take note that participating as a lead plaintiff does not affect their eligibility for any financial recovery.

How to Get Involved

Investors who suffered losses can get more information by contacting Kessler Topaz Meltzer & Check, LLP directly at:

• - Phone: (484) 270-1453
• - Email: jonathan.na​[email protected]

If you wish to sign up for the case or need further details, visit Kessler Topaz's website for additional resources.

About Kessler Topaz Meltzer & Check, LLP

With a renowned reputation in prosecuting class actions across various courts, Kessler Topaz Meltzer & Check is dedicated to recovering losses for investors impacted by fraud and corporate misconduct. The firm operates with a commitment to safeguard the interests of its clients, advocating against tactics that harm investors, consumers, and employees alike.

This announcement serves as a crucial reminder for investors who could be eligible to participate in protecting their rights and interests regarding their investment in Symbotic Inc. Make sure to take action promptly before the deadline approaches!