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The Gross Law Firm Notifies Shareholders of Skyworks Solutions, Inc.(SWKS) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-03-17 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025 [1][2]. Summary by Sections Allegations - The complaint alleges that Skyworks' management provided investors with optimistic information about the company's revenue expectations and growth potential in the mobile business [2]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing this to an intensified competitive landscape [2]. - Following this announcement, Skyworks' stock price plummeted from $87.08 to $65.60, representing a decline of over 24% in one day [2]. Class Action Details - The class period for the lawsuit is defined as July 30, 2024, to February 5, 2025 [2]. - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [3]. - Participants will receive updates through a portfolio monitoring software without any cost or obligation [3]. Law Firm Information - The Gross Law Firm is recognized for its commitment to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors affected by misleading statements [4].
SWKS Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Skyworks Solutions, Inc. (SWKS) Investors that a Securities Fraud Class Action Lawsuit Has Been Filed
Prnewswire· 2025-03-17 00:06
Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from July 30, 2024, to February 5, 2025 [1]. Allegations of Misconduct - The complaint claims that Skyworks failed to disclose critical information, including: 1. The long-standing relationship with Apple, its largest customer, did not ensure continued business for the anticipated iPhone launch [3]. 2. Skyworks overstated its position and ability to leverage AI in the smartphone upgrade cycle [3]. 3. Positive statements made by the defendants regarding the company's business were misleading and lacked a reasonable basis [3]. Lead Plaintiff Process - Investors in Skyworks have until May 5, 2025, to seek appointment as a lead plaintiff, representing the class in the litigation [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest and must be adequate and typical of the proposed class [4]. Contact Information - Kessler Topaz Meltzer & Check, LLP encourages affected investors to reach out for more information regarding the lawsuit [5].
SWKS INVESTOR DEADLINE: Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-03-16 15:05
Core Viewpoint - The Skyworks Solutions, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its financial outlook and growth potential during the specified class period [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Skyworks misrepresented its revenue outlook and growth potential, downplaying risks associated with smartphone upgrade cycles and macroeconomic conditions [3]. - It is claimed that the company's optimistic growth reports were overly reliant on its partnership with a major customer and the launch of that customer's new phone, which did not materialize as expected [3]. - Following the announcement of lower-than-anticipated revenue guidance for Q2 FY 2025, Skyworks' stock price dropped by more than 24% on February 5, 2025 [4]. Group 2: Legal Process and Participation - Investors who purchased Skyworks securities during the class period have until May 5, 2025, to seek appointment as lead plaintiff in the class action lawsuit [1][5]. - The lead plaintiff is typically the investor with the greatest financial interest in the case and acts on behalf of all class members [5]. Group 3: Company Background - Skyworks Solutions designs, develops, manufactures, and markets proprietary semiconductor products [2]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized for its significant recoveries in securities fraud cases, having secured $6.6 billion for investors in such cases [6].
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Skyworks
Prnewswire· 2025-03-13 13:39
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Skyworks Solutions, Inc. due to allegations of misleading statements regarding the company's financial performance and client relationships, particularly with Apple, leading to significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $75,000 in Skyworks between July 30, 2024, and February 5, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Skyworks, with a deadline of May 5, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Financial Performance and Market Reaction - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for the second quarter of fiscal year 2025, attributing this to an intensified competitive landscape [5]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share, marking a decline of over 24% in one day [5]. Group 3: Misleading Statements and Investor Impact - The complaint alleges that Skyworks' management provided overly optimistic statements about the company's revenue and growth potential while concealing adverse facts about its client base and reliance on Apple [4]. - Investors were misled into purchasing Skyworks' securities at artificially inflated prices due to these misleading statements [4].
May 5, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against SWKS
Prnewswire· 2025-03-13 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, leading to a significant drop in stock price following disappointing financial results [1][2]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with material information about Skyworks' expected revenue, expressing confidence in the company's ability to grow its mobile business and diversify its offerings through new technologies [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing this to an intensified competitive landscape, resulting in a stock price decline from $87.08 to $65.60, a drop of over 24% in one day [1]. Group 2: Class Action Details - Shareholders who purchased shares during the class period from July 30, 2024, to February 5, 2025, are encouraged to register for the class action, with a deadline of May 5, 2025, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, with no cost or obligation to participate [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3].
Skyworks Solutions, Inc. Shareholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Securities Fraud Class Action Lawsuit Filed Against SWKS
GlobeNewswire News Room· 2025-03-12 21:40
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly misleading investors regarding its business prospects and financial outlook during the specified class period [1][2]. Allegations - The complaint claims that Skyworks created a false impression of having reliable information about its projected revenue and growth while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [2]. - It is alleged that the company's optimistic reports on growth, earnings potential, and margins were not reflective of reality, as they overly depended on its partnership with its largest customer and the launch of that customer's new phone [2]. Stock Price Impact - Following the revelation of the truth in a press release on February 5, 2025, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share, marking a decline of over 24% in just one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by May 5, 2025, while those who choose not to participate can remain as absent class members [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless they recover losses [5].
Skyworks Solutions, Inc. (SWKS) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-03-12 17:10
Core Viewpoint - Investors in Skyworks Solutions, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of misleading statements made by the company regarding its business relationships and prospects [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that from July 30, 2024, to February 5, 2025, Skyworks failed to disclose critical information about its relationship with Apple, its largest customer, which did not guarantee continued business for the anticipated iPhone launch [3]. - The complaint also claims that Skyworks oversold its position and ability to leverage AI in the smartphone upgrade cycle, leading to materially misleading statements about the company's operations and future prospects [3]. Group 2: Participation Information - Investors who suffered losses in Skyworks Solutions, Inc. are encouraged to contact the Law Offices of Howard G. Smith before May 5, 2025, to participate in the ongoing lawsuit [2][4]. - Individuals interested in learning more about the class action or their rights can reach out to the Law Offices of Howard G. Smith via email or phone [4][5].
Investors who lost money on Skyworks Solutions, Inc.(SWKS) should contact Levi & Korsinsky about pending Class Action - SWKS
Prnewswire· 2025-03-12 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that affected investors between July 30, 2024, and February 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were impacted by misleading statements regarding Skyworks' expected revenue for fiscal year 2025 [2]. - Defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2]. - Following the announcement of lower-than-expected revenue guidance on February 5, 2025, Skyworks' stock price plummeted from $87.08 to $65.60, a decline of over 24% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified period have until May 5, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
SWKS Investor Alert: Kessler Topaz Meltzer & Check, LLP Urges SWKS Investors with Losses to Contact the Firm
Prnewswire· 2025-03-12 01:00
Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from July 30, 2024, to February 5, 2025 [1][2]. Group 1: Allegations Against Skyworks - The lawsuit claims that Skyworks failed to disclose that its relationship with Apple, its largest customer, did not guarantee continued business for the anticipated iPhone launch [2]. - It is alleged that Skyworks oversold its position and ability to capitalize on AI in the smartphone upgrade cycle [2]. - The positive statements made by the defendants regarding the company's business and prospects were misleading and lacked a reasonable basis throughout the class period [2]. Group 2: Lead Plaintiff Process - Investors in Skyworks have until May 5, 2025, to seek appointment as a lead plaintiff representative of the class [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and encourages affected investors to contact them for more information [4]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Skyworks Solutions, Inc. of Class Action Lawsuit and Upcoming Deadlines - SWKS
Prnewswire· 2025-03-11 17:41
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for alleged securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves claims that Skyworks and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until May 5, 2025, to request to be appointed as Lead Plaintiff if they purchased Skyworks securities during the Class Period [2]. Group 2: Financial Performance - On February 5, 2025, Skyworks announced its financial results for Q1 of fiscal year 2025, providing lower-than-expected revenue guidance for Q2 [3]. - The company attributed its disappointing results and guidance to an "intensified" competitive landscape [3]. Group 3: Stock Market Reaction - Following the announcement of the financial results, Skyworks' stock price dropped by $21.48 per share, or 24.67%, closing at $65.60 per share on February 6, 2025 [4].