Levi & Korsinsky Alerts Symbotic Inc. Investors of Pending Class Action

NEW YORK, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP has informed investors of Symbotic Inc. ("Symbotic" or the "Company") regarding a class action securities lawsuit.

CLASS DEFINITION: This lawsuit aims to recover losses for investors who experienced adverse effects due to alleged securities fraud between February 8, 2024, and November 26, 2024. Investors can obtain more information and connect with a member of the Levi & Korsinsky team by following the link provided below:

Learn more about the class action lawsuit.

SYM investors can also reach out to Joseph E. Levi, Esq. at [email protected] or by calling (212) 363-7500.

CASE DETAILS: The lawsuit alleges that the defendants made false statements and/or hid critical information, specifically that: (1) Symbotic inaccurately accelerated revenue recognition in its 2024 financial reports, and (2) as a result, the defendants’ statements regarding the company’s business, operations, and future prospects were materially misleading and lacked a reasonable basis throughout the pertinent timeframe.

WHAT'S NEXT? If you suffered losses during the specified period, you have until February 3, 2025, to ask the Court to appoint you as the lead plaintiff. However, being a lead plaintiff is not a requirement to participate in any potential recovery.

NO COST TO YOU: If you qualify as a class member, you may be entitled to compensation without incurring any out-of-pocket expenses or fees. There is no cost or obligation to take part.

WHY LEVI & KORSINSKY: With over 20 years of experience, Levi & Korsinsky has successfully secured hundreds of millions of dollars for harmed shareholders and developed an impressive record in high-stakes legal battles. The firm specializes in representing investors in complex securities litigation, boasting a dedicated team of over 70 professionals to assist clients. For seven consecutive years, Levi & Korsinsky has been recognized in ISS Securities Class Action Services' Top 50 Report as one of the leading securities litigation firms in the country.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 17th Floor

New York, NY 10004

[email protected]

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

Investors, Lawsuit, Symbotic