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SWKS INVESTOR ALERT: Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead the Skyworks Class Action Lawsuit
SWKSSkyworks(SWKS) Prnewswire·2025-03-05 20:20

Core Viewpoint - The Skyworks Solutions, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines after disappointing financial results were announced [3][4]. Group 1: Class Action Details - The class action lawsuit is titled Nunez v. Skyworks Solutions, Inc., and covers purchasers of Skyworks securities from July 30, 2024, to February 5, 2025, with a deadline of May 5, 2025, for lead plaintiff applications [1]. - The lawsuit claims that Skyworks executives created a false impression of reliable revenue projections while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [3]. - On February 5, 2025, Skyworks reported lower-than-expected financial results for Q1 FY2025 and provided disappointing revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape, resulting in a stock price drop of over 24% [4]. Group 2: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6].