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Kessler Topaz Meltzer & Check, LLP Reminds SYM Investors of February 3, 2025 Deadline in Securities Fraud Class Action and Urges Investors With Losses to Contact the Firm

By: TheNewswire.com
<div><p class="dateline">RADNOR, PA - (<a href="https://www.newmediawire.com">NewMediaWire</a>) - January 2, 2025 - The law firm of <a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> (<a href="http://www.ktmc.com">www.ktmc.com</a>) &nbsp;informs investors that a securities class action lawsuit has been filed against Symbotic Inc. (&ldquo;Symbotic&rdquo;) (NASDAQ: SYM) on behalf of those who purchased or otherwise acquired Symbotic securities between February 8, 2024, and November 26, 2024, inclusive (the &ldquo;Class Period&rdquo;). <b>The lead plaintiff deadline is February 3, 2025.</b></p> <figure align="left" style="width: 240px; max-width: 100%; margin-bottom: 20px; float: left; margin-right: 20px;"><img src="http://newmediawire.s3.amazonaws.com/6776cb28da846f63117f4d0a_1" alt="" width="240" style="width: 240px; max-width: 100%; height: auto;" /></figure> <p align="justify"><b><u>CONTACT KESSLER TOPAZ MELTZER &amp; CHECK, LLP:</u></b></p> <p><b>If you suffered Symbotic losses, </b><b>you may</b> <a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r"><b>CLICK HERE</b></a><b> </b><b>or copy and paste this link into your browser: </b><a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r">https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r</a></p> <p align="justify"><b>You can also contact attorney </b><a href="https://ktmc.com/people/jon-naji"><b>Jonathan Naji, Esq.</b></a><b> </b><b>by calling (484) 270-1453 or by email at </b><a href="mailto:info@ktmc.com"><b>info@ktmc.com</b></a><b>.&nbsp; </b></p> <p align="justify"><b><u>DEFENDANTS&rsquo; ALLEGED MISCONDUCT:</u></b></p> <p align="justify">The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company&rsquo;s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Symbotic improperly accelerated its revenue recognition in its second and third quarter 2024 financial statements; (2) the company had a material weakness in its internal controls over financial reporting; and (3) as a result of the foregoing, Defendants&rsquo; positive statements about the company&rsquo;s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.</p> <p align="justify"><b><u>THE LEAD PLAINTIFF PROCESS:</u></b></p> <p align="justify">Symbotic<b><i> </i></b>investors may, <b><i><u>no later than February 3, 2025,</u></i></b> seek to be appointed as a lead plaintiff representative of the class through <a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.&nbsp; The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.</p> <p align="justify"><a href="https://www.ktmc.com">Kessler Topaz Meltzer &amp; Check, LLP</a> encourages Symbotic investors who have suffered significant losses to contact the firm directly to acquire more information.</p> <p><a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r"><b>CLICK HERE</b></a><b> TO SIGN UP FOR THE CASE</b><b> OR COPY AND PASTE THIS LINK INTO YOUR BROWSER: </b><a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r">https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r</a>&nbsp;</p> <p><b><u>ABOUT KESSLER TOPAZ MELTZER &amp; CHECK, LLP:</u></b></p> <p align="justify"><a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> prosecutes class actions in state and federal courts throughout the country and around the world.&nbsp; The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer &amp; Check, LLP. For more information about <a href="https://www.ktmc.com/new-cases/symbotic-inc-2?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=sym&amp;mktm=r">Kessler Topaz Meltzer &amp; Check, LLP</a> please visit <a href="http://www.ktmc.com">www.ktmc.com</a>.</p> <p><b>CONTACT:<br /></b>Kessler Topaz Meltzer &amp; Check, LLP<br />Jonathan Naji, Esq.<br />(484) 270-1453<br />280 King of Prussia Road<br />Radnor, PA 19087<br /><a href="mailto:info@ktmc.com">info@ktmc.com</a></p> <p align="justify">May be considered attorney advertising in certain jurisdictions.&nbsp; Past results do not guarantee future outcomes.</p><p class="nmw_link">View the original release on <a href="https://www.newmediawire.com/nmw_release/?rid=6776cb28da846f63117f4d0a/kessler-topaz-meltzer-check-llp-reminds-sym-investors-of-february-3-2025-deadline-in-securities-fraud-class-action-and-urges-investors-with-losses-to-contact-the-firm">www.newmediawire.com</a></p></div>
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