New York, New York–(Newsfile Corp. – December 22, 2024)– Why: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Silvaco Group, Inc. (NASDAQ: SVCO) resulting from allegations that Silvaco may have issued materially misleading trading information to the investing public.
so what: If you purchase Silvaco securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit seeking to recover investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=32199 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action.
What is this about: On October 15, 2024, Silvaco issued a press release titled “Selvaco Announces Provisional Unaudited Third Quarter Revenue and Updates for Full Year 2024.” In this press release, Silvaco provided updated full-year guidance of $60 to $63 million in revenue, down from previous guidance of $63 to $66 million in revenue. Silvaco also provided updated guidance for year-over-year growth of 10% to 16%, which was reduced from 16% to 22% for expected year-over-year growth.
On this news, Silvaco's common stock fell 32.6% on October 16, 2024.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these companies do not file securities class actions. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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