According to the lawsuit, defendants throughout the class period made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors:
- the extent to which Synopsys’ increased focus on artificial intelligence customers, which require additional customization, was deteriorating the economics of its Design IP business;
- that, as a result, “certain road map and resource decisions” were unlikely to “yield their intended results,”;
- that the foregoing had a material negative impact on financial results; and
- as a result of the foregoing, defendants’ positive statements about Synopsys’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
