| COMPANY |
Symbotic Inc. |
| COURT |
United States District Court for the District of Massachusetts |
| CASE NUMBER |
24-cv-12976 |
| JUDGE |
Honorable Denise Jefferson Casper |
| CLASS PERIOD |
November 20, 2023 through February 5, 2025 |
| SECURITY TYPE |
Securities |
Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Symbotic, Inc. (“Symbotic”) (NASDAQ: SYM) Class A common stock between November 20, 2023 and February 5, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Symbotic’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Symbiotic improperly accelerated its revenue recognition in its second and third quarter 2024 financial statements; (2) Symbotic had a material weakness in its internal controls over financial reporting; and (3) as a result of the foregoing, Defendants’ positive statements about Symbotic’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On September 11, 2025, Defendants filed a Motion to Dismiss. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.