Important Notice for Skyworks Solutions, Inc. (SWKS) Shareholders
New York, NY, March 20, 2025 – The Gross Law Firm, a leading national shareholder rights law firm, issues this notice to inform shareholders of Skyworks Solutions, Inc. (NASDAQ: SWKS) that a class action lawsuit has been filed in the United States District Court for the Southern District of New York. The lawsuit alleges that certain officers and directors of Skyworks Solutions, Inc. violated the Securities Exchange Act of 1934 between October 28, 2020, and March 1, 2023.
Class Period and Eligibility
The class period for this lawsuit is from October 28, 2020, to March 1, 2023. Shareholders who purchased or acquired the common stock of Skyworks Solutions, Inc. (SWKS) during the class period are encouraged to contact the firm regarding potential appointment as lead plaintiff in this action. The lead plaintiff is a court-appointed representative for all class members in the lawsuit.
Allegations Against Skyworks Solutions, Inc.
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that:
- Defendants had inadequate internal controls over financial reporting;
- Defendants failed to disclose the true financial condition of the company;
- Defendants failed to disclose that the company was experiencing declining demand for its products;
- Defendants failed to disclose that the company was experiencing increased competition;
- Defendants failed to disclose that the company was experiencing declining gross margins;
Impact on Shareholders
As a result of defendants’ misrepresentations, Skyworks Solutions, Inc. (SWKS) shares traded at artificially inflated prices during the class period. When the truth was revealed, the price of the shares declined significantly, causing harm to investors.
Impact on the World
The impact of this lawsuit on the world at large is not directly related to individual investors but rather to the overall market and investor confidence. Class action lawsuits like this one serve to hold corporations accountable for misrepresentations and fraudulent activities. This can lead to increased transparency and trust in the financial markets, ultimately benefiting all investors.
Conclusion
Shareholders who purchased or acquired the common stock of Skyworks Solutions, Inc. (SWKS) during the class period and wish to discuss their legal rights and potential appointment as lead plaintiff are encouraged to contact The Gross Law Firm. The firm represents shareholders on a contingency basis and advances the costs of litigation. Contact The Gross Law Firm at 212-504-5444, toll-free at 888-223-3120, or via the firm’s website, [email protected], for more information.
About The Gross Law Firm: The Gross Law Firm is a leading national shareholder rights law firm representing purchasers and investors in securities fraud, corporate governance, and merger & acquisition litigation. The firm has recovered billions of dollars for its clients and is one of the largest securities litigation firms in the world.
