Shareholder rights firm Hagens Berman urges investors who suffered losses on purchases of Symbotic (SYM) securities between February 8, 2024 and November 26, 2024 to contact the firm now. Hagens Berman is investigating allegations that Symbotic misled investors by inflating the company’s financial performance. According to a pending class action lawsuit, Symbotic allegedly engaged in securities fraud by improperly accelerating revenue recognition in its 2024 financial statements. This practice, the lawsuit claims, resulted in an inflated picture of the company’s financial health. Investors who purchased Symbotic securities during the aforementioned timeframe, regardless of whether they still hold the shares, are encouraged to visit Hagens Berman’s website at www.hbsslaw.com/investor-fraud/SYM to learn more about their legal options and how to potentially recover losses. There is no cost or obligation to participate in the investigation.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYM:
- Symbotic announces acquisition Of OhmniLabs, no terms
- Cathie Wood’s ARK Investment bought 154.9K shares of Symbotic today
- Navigating Regulatory Challenges: Symbotic Inc.’s Strategy to Mitigate Compliance Risks in Warehousing Operations
- Symbotic rallies after TD says annual filing ‘provides some relief’
- Largest borrow rate increases among liquid names