Skyworks(SWKS) Prnewswire·2025-03-06 22:17Core 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 ensure continued business for the anticipated iPhone launch [2]. - It is alleged that Skyworks oversold its position and ability to leverage AI in the smartphone upgrade cycle [2]. - The positive statements made by Skyworks regarding its business and operations were claimed to be materially 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 through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [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: Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages Skyworks investors who have suffered losses to contact them for more information [4].