THE LAWSUIT: A class action securities lawsuit was filed against Skyworks Solutions, Inc. (SWKS) that seeks to recover losses of Skyworks shareholders who were adversely affected by alleged securities fraud between July 30, 2024 and February 5, 2025
CASE DETAILS: Skyworks issued a press release on February 5, 2025, reporting its financial results for its fiscal quarter ended December 27, 2024. Among other items, Skyworks reported a greater than anticipated decline in quarterly revenue and stated that “[w]e anticipate a mid-to-high teens sequential decline in mobile[.]” Separately, Skyworks announced the appointment of Philip Brace as the Company’s President and Chief Executive Officer, effective February 17, 2025.
Following this news, Skyworks’ stock price fell over 24% on February 6, 2025.
WHAT’S NEXT? If you suffered a loss in Skyworks stock during the relevant time frame – even if you still hold your shares – go to https://zlk.com/pslra-1/skyworks-solutions-inc-lawsuit-submission-form?wire=18 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/