Join Symbotic Inc. Securities Fraud Investigation: Opportunity for SYM Investors
Investors who own shares in Symbotic Inc. (NASDAQ: SYM) have an opportunity to get involved in a securities fraud investigation led by The Schall Law Firm. The investigation is looking into whether Symbotic misled investors by issuing false statements or failing to disclose critical information. On November 27, 2024, Symbotic revealed that it would need to restate its financial results for the fiscal year 2024 due to errors in revenue recognition and cost overruns. The company expects to reduce revenues and adjusted EBITDA by $30-$40 million and will be delaying the filing of its Annual Report on Form 10-K. To add to the troubles, Symbotic has also lowered its revenue and adjusted EBITDA expectations for the first quarter of 2025. Following this news, Symbotic’s shares took a significant hit, dropping more than 38% during morning trading on the same day.
If you are a shareholder who suffered losses due to these developments, you can participate in the investigation by reaching out to Brian Schall of The Schall Law Firm. You can contact Brian at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, call 310-301-3335, or visit the firm’s website at www.schallfirm.com. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors worldwide.
It’s important to note that this information may be considered Attorney Advertising in some jurisdictions under applicable laws and ethical rules. If you have any questions about your rights as a shareholder in this investigation, feel free to get in touch with The Schall Law Firm.
