Boston, Massachusetts--(Newsfile Corp. - December 2, 2024) - Block & Leviton is investigating Symbotic Inc. (NASDAQ: SYM) for potential securities law violations. Investors who have lost money in their Symbotic Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/sym.
What is this all about?
Shares of Symbotic fell over 30% following the company's announcement that they will restate their fiscal year 2024 financial results due to errors in revenue recognition and cost overruns. The company stated that it anticipates reducing reported revenues and adjusted EBITDA by $30-$40 million. Symbotic Inc. also delayed filing its Annual Report on Form 10-K, citing material weaknesses in internal controls, and lowered their revenue and adjusted EBITDA outlook for Q1 2025.
Who is eligible?
Anyone who purchased Symbotic Inc. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about Symbotic Inc., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at shareholders@blockleviton.com or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.
This notice may constitute attorney advertising.
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