SAN FRANCISCO, Dec. 11, 2024 (GLOBE NEWSWIRE) — Girard Sharp (OTC:), LLP, a nationwide funding, securities, and client class motion agency, is investigating securities claims on behalf of Symbotic Inc. (NASDAQ: NASDAQ:) traders who sustained losses.
If you’re a Symbotic investor who sustained losses, we encourage you to fill out our contact kind, e mail apolk@girardsharp.com, or name (415) 544-6280 for a free session.
Symbotic is a robotics manufacturing firm that builds and operates warehouse robotics methods within the US and Canada. On November 27, 2024, Symbotic introduced that it was unable to file a well timed Kind 10-Ok for the 2024 fiscal 12 months, citing recognized errors in its income recognition associated to value overruns that won’t be billable on sure deployments, which is able to lead to a discount in earnings of $30-$40 million. Following this announcement, Symbotic’s share worth fell by practically 40%.
Are you a Symbotic investor who sustained losses? Click on right here to for a free session.
We additionally encourage you to contact Adam Polk of Girard Sharp LLP straight to debate your rights, freed from cost. You’ll be able to contact Adam by dialing (415) 544-6280, or by way of e mail at apolk@girardsharp.com.
Why Girard Sharp?
Girard Sharp represents traders, shoppers, and establishments at school actions and different advanced litigation nationwide. We not too long ago obtained a $36.5 million securities settlement towards Maxar Applied sciences (NYSE:), an area imagery firm, after its share worth collapsed following its acquisition of DigitalGlobe. Our attorneys have obtained multimillion-dollar recoveries for victims of unfair and misleading practices in antitrust, monetary fraud, and client safety issues towards among the nation’s largest companies, together with Raymond (NS:) James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. Information and World Report for Securities and Class Motion (WA:) Litigation and has been repeatedly chosen as an Elite Trial Legal professionals finalist by the Nationwide Regulation Journal.
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