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Investigation Launched into Silvaco Group, Inc. for Potential Securities Misleading Information
New York, New York—Rosen Law Firm, a prominent global investor rights legal practice, has initiated an investigation regarding potential securities claims on behalf of shareholders of Silvaco Group, Inc. (NASDAQ: SVCO). This inquiry follows allegations suggesting that Silvaco may have provided misleading business information to the investing community.
Understanding the Implications
Shareholders who have purchased Silvaco securities might be eligible for compensation without incurring any out-of-pocket expenses through a contingency fee arrangement. As part of the ongoing legal efforts, Rosen Law Firm is poised to file a class action aimed at recovering losses experienced by investors.
Next Steps for Affected Investors
Investors interested in participating in the potential class action are encouraged to visit this link or reach out to Phillip Kim, Esq. toll-free at 866-767-3653. Additionally, inquiries can be directed via email to case@rosenlegal.com for those seeking further information about the class action.
Background Information
The matter arose when, on October 15, 2024, Silvaco released a statement under the title “Silvaco Announces Preliminary Unaudited Revenue for Q3 and Updates Full Year 2024.” In this announcement, the company revised its revenue guidance for the full year to a range of $60 to $63 million, a decrease from the previously estimated $63 to $66 million. Furthermore, the company adjusted its guidance for year-over-year growth from an expected range of 16% to 22% down to 10% to 16%.
The response to this news was significant, with Silvaco’s stock experiencing a steep decline of 32.6% the following day, October 16, 2024.
Why Choose Rosen Law Firm?
Investors are advised to consider firms with proven track records in securities litigation when seeking legal counsel. Some firms that issue notices may lack the experience and recognition that are essential for effective representation. Unlike many others, Rosen Law Firm has a strong focus on securities class actions and shareholder derivative lawsuits. It has successfully achieved notable settlements, including the largest securities class action settlement involving a Chinese company at that time. Furthermore, it was ranked No. 1 by ISS Securities Class Action Services in 2017 for the number of settlements secured and has consistently been among the top firms in this area since 2013.
In 2019, Rosen Law Firm recovered over $438 million for investors, and in 2020, founding partner Laurence Rosen was recognized as a Titan of the Plaintiffs’ Bar by Law360. The firm also boasts many attorneys acknowledged by both Lawdragon and Super Lawyers for their contributions to the field.
For further updates from Rosen Law Firm, interested parties can follow their presence on LinkedIn, Twitter, and Facebook.
Note: This information is intended for general informational purposes and does not constitute legal advice. Previous results do not guarantee similar outcomes.
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