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Symbotic Inc. Class Action Update

On January 7, 2025, Levi & Korsinsky, LLP announced vital information for shareholders of Symbotic Inc. (NASDAQ: SYM). Investors affected by alleged securities fraud from February 8, 2024, to November 26, 2024, are eligible to participate in a class action lawsuit. The deadline for selecting a lead plaintiff in this case is February 3, 2025.

Understanding the Class Action

The essence of the lawsuit revolves around claims that Symbotic misrepresented its financial health during the specified period. According to court documents, the allegations indicate that the company prematurely recognized revenue in their financial statements for 2024. Such misstatements have potentially significant repercussions for investors.

The legal basis behind the lawsuit claims that the defendants not only made false public statements regarding Symbotic's operations and forward prospects but also obscured material facts that could adversely affect shareholder value. For investors who have suffered losses during this timeframe, it is imperative to act before the stated deadline.

Next Steps for Investors

Investors who believe they have been impacted by these alleged violations must act quickly. Although you can request to be appointed as a lead plaintiff, it is important to note that participation in any recovery does not necessitate holding that position. Levi & Korsinsky has made it clear that there will be no costs incurred for class action members, making this an accessible avenue for potentially seeking compensation.

For those interested, further information can be accessed through the following link: Symbotic Lawsuit Submission Form. Additionally, you can contact Joseph E. Levi, Esq. directly via email at [email protected] or by phone at (212) 363-7500.

Why Choose Levi & Korsinsky?

Levi & Korsinsky boasts over two decades of experience in handling securities litigation and has recovered hundreds of millions of dollars for shareholders over the years. Their firm has consistently ranked among the leading securities litigation firms in the United States according to ISS Securities Class Action Services. With a dedicated team of over 70 professionals, they are well-equipped to represent investors in complex cases effectively.

The firm emphasizes that participation in this class action does not require any upfront payment or obligation, thus allowing affected investors to pursue justice without financial risk.

If you have experienced setbacks in your investment with Symbotic during the outlined period, now is the time to engage. Remember, the clock is ticking towards the February 3, 2025 deadline, and timely action may lead to deserved recourse for your losses.

Contact Information

For further details or to explore your options, reach out to:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
Levi & Korsinsky Website