#United States #New York #Securities Fraud #Levi Korsinsky #Skyworks Solutions

Levi & Korsinsky Initiates Class Action on Behalf of Skyworks Solutions Shareholders

On March 21, 2025, investor advocacy firm Levi & Korsinsky, LLP announced the initiation of a class action lawsuit on behalf of Skyworks Solutions, Inc. (NASDAQ: SWKS) shareholders. This legal action comes in response to significant financial losses suffered by investors due to alleged securities fraud during the period spanning from July 30, 2024, to February 5, 2025.

Background of the Case

The lawsuit seeks to represent those investors who were adversely affected by misrepresentations made by the company's executives regarding Skyworks' financial performance and future revenue expectations. According to the details provided by Levi & Korsinsky, the defendants had previously assured investors of Skyworks' promising growth prospects in its mobile sector while simultaneously downplaying the competitive threats that loomed over the company.

On February 5, 2025, after the market had closed, Skyworks released its financial results for the first quarter of fiscal year 2025. The announcement included revenue guidance that fell significantly short of analysts' expectations for the second quarter. Management attributed this downturn to an intensifying competitive landscape, which sharply contradicted previous assertions of optimistic business growth.

As a result, Skyworks' common stock, which closed at $87.08 on the announcement date, plummeted to $65.60 by the following day, marking a dramatic decline of over 24% within just a few hours. This sudden drop caused widespread concern among shareholders, leading to the decision to file a class action.

The Legal Process Ahead

Investors who experienced financial losses as a result of these developments are encouraged to act quickly. They have until May 5, 2025, to request the Court's appointment as lead plaintiff in the case. It is important to note that eligibility for any potential recovery does not hinge on an individual's involvement as a lead plaintiff.

Levi & Korsinsky stresses that participating in this class action entails no costs or fees for affected shareholders, making it accessible for those wishing to seek compensation. The firm positions itself as a strong advocate for shareholders, having secured hundreds of millions in damages for clients through its extensive experience in securities litigation over the past two decades.

The Reputation of Levi & Korsinsky

Boasting a team of over 70 dedicated professionals, Levi & Korsinsky has established a reputation as one of the leading firms in securities litigation across the United States. For seven consecutive years, the firm has been recognized by ISS Securities Class Action Services as one of the top 50 securities litigation firms, underlining its commitment to fighting for investors' rights.

In light of these developments, affected Skyworks investors are advised to reach out through Levi & Korsinsky’s provided contact information to learn more about their legal options. The firm emphasizes its readiness to assist shareholders in navigating the complexities of this class action lawsuit, ensuring that justice is pursued vigorously.

Contact Information for Investors

For those interested in joining the class action or seeking more details, Joseph E. Levi, Esq., or Ed Korsinsky, Esq. can be contacted via email at [email protected] or by telephone at (212) 363-7500. Interested parties can also visit the firm’s website for further information regarding this pivotal legal case.