Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its revenue outlook and growth potential [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Skyworks securities between July 30, 2024, and February 5, 2025, are encouraged to participate in the lawsuit before the deadline of May 5, 2025 [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Skyworks - The complaint alleges that Skyworks provided misleading information to investors, suggesting it could reliably project revenue while downplaying risks associated with upgrade cycles and macroeconomic factors [4]. - The company's heavy reliance on its largest customer led to a failure in meeting its optimistic revenue projections, resulting in misleading public statements throughout the class period [4]. - As a result of the revelations about the company's true situation, investors reportedly suffered financial damages [4].
SWKS Investors Have Opportunity to Lead Skyworks Solutions, Inc. Securities Fraud Lawsuit with the Schall Law Firm