Investors Urged to Join Class Action Against Skyworks Solutions
Join the Class Action Against Skyworks Solutions, Inc.
Levi & Korsinsky, LLP informs investors that a class action lawsuit has been filed concerning Skyworks Solutions, Inc. (SWKS). This lawsuit addresses allegations of securities fraud that impacted investors.
Details of the Class Action
The purpose of the lawsuit is to compensate those who suffered losses between July 30, 2024, and February 5, 2025. The claims are rooted in what is perceived as fraudulent activity regarding the company's projections and performance during this time frame.
Impact on Investors
On February 5, 2025, Skyworks released its financial results for the first quarter of 2025, which fell short of market expectations. The company attributed this underperformance to an increasingly competitive landscape that adversely affected its projected revenue for the fiscal year.
Stock Performance and Declines
On the release date, the stock price plummeted from $87.08 per share to $65.60, reflecting a significant loss of over 24% in just one day. This sharp decline has prompted many investors to seek legal recourse to recover their losses.
What You Need to Know
If you experienced a loss in your Skyworks investments within the specified period, you have until May 5, 2025, to request appointment as a lead plaintiff in the case. However, being appointed as a lead plaintiff is not a prerequisite for receiving a share of any potential recovery.
Cost-Free Participation
Participating in this class action lawsuit comes at no financial cost to you. Should you qualify as a class member, you may be entitled to compensation without bearing any out-of-pocket expenses. It is important to note that there are no obligations associated with participation.
Why Choose Levi & Korsinsky?
Levi & Korsinsky has garnered a robust reputation over the past two decades for securing substantial settlements for shareholders impacted by corporate misconduct. The firm's accomplishments in high-stakes securities litigation demonstrate a strong commitment to investor rights, supported by a dedicated team of over 70 legal professionals.
Contact Information
For inquiries or further assistance, please contact:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: jlevi@levikorsinsky.com
Phone: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com
Frequently Asked Questions
What is the class action lawsuit about?
The lawsuit addresses potential securities fraud impacting Skyworks Solutions investors between July 30, 2024, and February 5, 2025.
How do I know if I qualify for the class action?
If you lost money in your investments in Skyworks during the affected period, you likely qualify to participate in the lawsuit.
What are the next steps for affected investors?
Investors must submit their request to be appointed as lead plaintiff by May 5, 2025, to participate in the lawsuit.
Will it cost me anything to join the lawsuit?
No, there are no fees or costs associated with joining the class action lawsuit.
Why should I contact Levi & Korsinsky?
Levi & Korsinsky has a proven track record in representing investors and securing substantial recoveries in securities litigation, providing experienced legal support for affected shareholders.
About The Author
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