Security Investigation

Symbotic Inc. (NasdaqGM: SYM)

39 Days left to seek lead plaintiff status.

Company Name:Symbotic Inc.

Stock Symbol:NasdaqGM: SYM

Court:District of Massachusetts

Class Period Start:02/08/2024

Class Period End (inclusive):11/26/2024

Filing Deadline:02/03/2025

Contact a Lawyer Now

(877) 515-1850

Submit Loss Form

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 3, 2025 to file lead plaintiff applications in a securities class action lawsuit against Symbotic Inc. (the “Company”) (NasdaqGM: SYM).

Symbotic and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 27, 2024, pre-market, the Company disclosed that it would restate its fiscal year 2024 financial results as it had “identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024.”

On this news, the price of Symbotic’s shares fell $13.41 per share, or 36%, to close at $24 per share on November 27, 2024.

If you purchased securities of Symbotic and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Decker v. Symbotic Inc., et al., No. 24-cv-12976.

Click here to read the first filed complaint.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us