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Important Update for Investors of Symbotic Inc.
New York, New York—The Rosen Law Firm, recognized for its dedication to investor rights, has informed individuals who purchased securities in Symbotic Inc. (NASDAQ: NASDAQ) during the period from February 8, 2024, to November 26, 2024, of a critical deadline. The firm emphasizes that February 3, 2025, marks the last day to apply as a lead plaintiff in the ongoing securities class action.
Eligibility for Compensation
Investors who acquired Symbotic securities within the specified Class Period may qualify for monetary compensation. Importantly, this can be achieved without incurring any out-of-pocket expenses through a contingency fee format. This outline ensures that affected parties can pursue their rights with minimal financial risk.
Steps to Participate
To join the class action associated with Symbotic, interested parties can visit this link, contact Phillip Kim, Esq. at 866-767-3653, or email case@rosenlegal.com for further details. The class action has already been initiated, and anyone wishing to act as the lead plaintiff must file a motion with the Court by February 3, 2025. The lead plaintiff has a crucial role in steering the litigation on behalf of other investors.
The Importance of Experienced Counsel
The Rosen Law Firm urges investors to choose legal representatives with proven expertise in securities class actions. Many firms sending out notifications may lack the necessary experience or resources. Some are merely intermediaries that do not administer the lawsuits directly, often referring clients to other firms. Rosen Law Firm is dedicated to representing investors globally, specializing in securities class actions and derivative litigation. Its history includes achieving the largest settlement against a Chinese company at that time, and it has consistently ranked among the top firms in terms of class action settlements and recovery amounts.
Details of the Allegations
The lawsuit alleges that during the Class Period, defendants made significant false and misleading statements regarding Symbotic’s financial practices. Specific accusations include the improper acceleration of revenue recognition in the company’s 2024 financial statements. As a consequence, the information provided by the defendants about Symbotic’s business performance was deemed materially incorrect. Once the real circumstances became known, investors are claimed to have experienced considerable losses.
To take part in the class action, individuals should refer to this link, or reach out to Phillip Kim, Esq. via the provided toll-free number or email.
Class Certification Status
It is important to note that a class has not yet been certified. Until such certification occurs, investors are not legally represented unless they secure counsel independently. Investors have the option to either choose their legal representation or remain passive members of the class without further action at this stage. Their ability to benefit from any potential future recovery does not hinge on serving as a lead plaintiff.
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For the original press release, please visit this link.
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