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SAN DIEGO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Symbotic Inc. (NASDAQ: SYM) publicly traded securities between February 8, 2024 and November 26, 2024, inclusive (the “Class Period”), have until February 3, 2025 to seek appointment as lead plaintiff of the Symbotic class action lawsuit. Captioned Decker v. Symbotic Inc. , No. 24-cv-12976 (D. Mass.), the Symbotic class action lawsuit charges Symbotic as well as certain of Symbotic’s top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Symbotic class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-symbotic-class-action-lawsuit-sym.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com . CASE ALLEGATIONS : Symbotic is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The Symbotic class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Symbotic had improperly accelerated its recognition of revenue. The Symbotic class action lawsuit further alleges that on November 27, 2024, Symbotic disclosed that it “identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024,” “identified in its preliminary assessment of internal control over financial reporting for the fiscal year ended September 28, 2024 certain material weaknesses,” and Symbotic’s “previously issued financial statements for those periods, including the financial information included in [Symbotic]’s earnings press release for the fourth quarter and fiscal year 2024 and [Symbotic]’s supplemental presentation, should therefore no longer be relied upon.” On this news, the price of Symbotic stock fell nearly 36%, according to the complaint. THE LEAD PLAINTIFF PROCESS : The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Symbotic publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Symbotic class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Symbotic class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Symbotic class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Symbotic class action lawsuit. ABOUT ROBBINS GELLER : Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 info@rgrdlaw.com
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AP News Summary at 11:07 p.m. EST
MMSU pushing off-season tomato varietyThe Latest: State funeral for Jimmy Carter will be Jan. 9NEW YORK (AP) — U.S. stock indexes fell Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.5% for its fourth loss in the last six days. It’s a pause for the index, which has been rallying toward one of its best years of the millennium . The Dow Jones Industrial Average lost 234 points, or 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. A report early in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they dilute one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders are widely expecting the Fed will ease its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which lowered rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.7% and was one of the heaviest weights on the market despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.4% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move “enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 3.2% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. All told, the S&P 500 fell 32.94 points to 6,051.25. The Dow Jones Industrial Average dropped 234.55 to 43,914.12, and the Nasdaq composite sank 132.05 to 19,902.84. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.33% from 4.27% late Wednesday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Romanian nationalist Calin Georgescu has surprised observers by likely topping the first round of the country’s presidential election, according to provisional results. With more than 80 percent of ballots counted, in the early hours of Monday Georgescu, who has gained traction for his anti-Ukraine war stance, holds 22.1 percent of the vote, narrowly ahead of sitting Prime Minister Marcel Ciolacu, who follows with just over 22 percent. Georgescu, an ultra-religious and nationalist figure, has campaigned on reducing Romania’s reliance on imports and boosting domestic food and energy production. He has been a vocal critic of Bucharest’s role in the ongoing Ukraine conflict, arguing that NATO and the EU do not represent Romanian interests and suggesting that the war is being manipulated by American military companies. The shock result has upended expectations, as Elena Lasconi – billed as a ‘reformer’ – was initially predicted to make it into the runoff, but now trails at 15.3 percent. Far-right candidate George Simion, also considered a strong contender, lags behind with 14.8 percent support. The final composition of the runoff is still uncertain as further ballots are counted. Georgescu’s views have struck a chord with a significant portion of the electorate, but have also drawn heavy criticism, particularly for his past support of Romania’s 20th-century fascist Legionary Movement. A relative political outsider, he has leveraged social media platforms like TikTok to rally voters, capitalizing on dissatisfaction with the political establishment. He has garnered a sizable following, particularly among those disillusioned with the current government’s foreign policy. Voter turnout for the election was 52.5 percent, slightly higher than in the 2019 presidential race. The second round of voting is scheduled for December 8, following Romania’s parliamentary elections next Sunday.Hodge scores 21 as UNC Wilmington scores 85-74 win over UNC Asheville
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After a sprawling hacking campaign exposed the communications of an unknown number of Americans, U.S. cybersecurity officials are advising people to use encryption in their communications. To safeguard against the risks highlighted by the campaign, which originated in China, federal cybersecurity authorities released an extensive list of security recommendations for U.S. telecom companies — such as Verizon and AT&T — that were targeted. The advice includes one tip we can all put into practice with our phones: “Ensure that traffic is end-to-end encrypted to the maximum extent possible.” End-to-end encryption, also known as E2EE, means that messages are scrambled so that only the sender and recipient can see them. If anyone else intercepts the message, all they will see is garble that can't be unscrambled without the key. Law enforcement officials had until now resisted this type of encryption because it means the technology companies themselves won't be able to look at the messages, nor respond to law enforcement requests to turn the data over. Here's a look at various ways ordinary consumers can use end-to-end encryption: Officials said the hackers targeted the metadata of a large number of customers, including information on the dates, times and recipients of calls and texts. They also managed to see the content from texts from a much smaller number of victims. If you're an iPhone user, information in text messages that you send to someone else who also has an iPhone will be encrypted end-to-end. Just look for the blue text bubbles, which indicate that they are encrypted iMessages. The same goes for Android users sending texts through Google Messages. There will be a lock next to the timestamp on each message to indicate the encryption is on. But there's a weakness. When iPhone and Android users text each other, the messages are encrypted only using Rich Communication Services, an industry standard for instant messaging that replaces the older SMS and MMS standards. Apple has noted that RCS messages “aren’t end-to-end encrypted, which means they’re not protected from a third party reading them while they’re sent between devices.” Samsung, which sells Android smartphones, has also hinted at the issue in a footnote at the bottom of a press release last month on RCS, saying, “Encryption only available for Android to Android communication.” To avoid getting caught out when trading texts, experts recommend using encrypted messaging apps. Privacy advocates are big fans of Signal, which applies end-to-end encryption to all messages and voice calls. The independent nonprofit group behind the app promises never to sell, rent or lease customer data and has made its source code publicly available so that it can be audited by anyone to examine it “for security and correctness.” Signal's encryption protocol is so reputable that it has been integrated into rival WhatsApp, so users will enjoy the same level of security protection as Signal, which has a much smaller user base. End-to-end encryption is also the default mode for Facebook Messenger, which like WhatsApp is owned by Meta Platforms. Telegram is an app that can be used for one-on-one conversations, group chats and broadcast “channels" but contrary to popular perception, it doesn't turn on end-to-end encryption by default. Users have to switch on the option. And it doesn’t work with group chats. Cybersecurity experts have warned people against using Telegram for private communications and pointed out that only its opt-in ‘secret chat’ feature is encrypted from end-to-end. The app also has a reputation for being a haven for scammers and criminal activity, highlighted by founder and CEO Pavel Durov's arrest in France. Instead of using your phone to make calls through a wireless cellular network, you can make voice calls with Signal and WhatsApp. Both apps encrypt calls with the same technology that they use to encrypt messages. There are other options. If you have an iPhone you can use Facetime for calls, while Android owners can use the Google Fi service, which are both end-to-end encrypted. The only catch with all these options is that, as with using the chat services to send messages, the person on the other end will also have to have the app installed. WhatsApp and Signal users can customize their privacy preferences in the settings, including hiding an IP address during calls to prevent your general location from being guessed. Receive the latest in local entertainment news in your inbox weekly!
NASA’s pioneering Parker Solar Probe made history Tuesday, flying closer to the Sun than any other spacecraft, with its heat shield exposed to scorching temperatures topping 1,700 degrees Fahrenheit (930 degrees Celsius). Launched in August 2018, the spaceship is on a seven-year mission to deepen scientific understanding of our star and help forecast space-weather events that can affect life on Earth. Tuesday’s historic flyby should have occurred at precisely 6:53am (1153 GMT), although mission scientists will have to wait until Friday for confirmation as they lose contact with the craft for several days due to its proximity to the Sun. “Right now, Parker Solar Probe is flying closer to a star than anything has ever been before,” at 3.8 million miles (6.1 million kilometers) away, NASA official Nicky Fox said in a video on social media Tuesday morning. “It is just a total ‘yay, we did it,’ moment.” If the distance between Earth and the Sun is the equivalent to the length of an American football field, the spacecraft should have been about four yards (meters) from the end zone at the moment of closest approach -- known as perihelion. “This is one example of NASA’s bold missions, doing something that no one else has ever done before to answer long-standing questions about our universe,” Parker Solar Probe program scientist Arik Posner said in a statement on Monday. “We can’t wait to receive that first status update from the spacecraft and start receiving the science data in the coming weeks.” So effective is the heat shield that the probe’s internal instruments remain near room temperature -- around 85F (29C) -- as it explores the Sun’s outer atmosphere, called the corona. Parker will also be moving at a blistering pace of around 430,000 mph (690,000 kph), fast enough to fly from the US capital Washington to Japan’s Tokyo in under a minute. “Parker will truly be returning data from uncharted territory,” said Nick Pinkine, mission operations manager at the Johns Hopkins Applied Physics Laboratory (APL) in Laurel, Maryland. “We’re excited to hear back from the spacecraft when it swings back around the Sun.” By venturing into these extreme conditions, Parker has been helping scientists tackle some of the Sun’s biggest mysteries: how solar wind originates, why the corona is hotter than the surface below, and how coronal mass ejections -- massive clouds of plasma that hurl through space -- are formed. The Christmas Eve flyby is the first of three record-setting close passes, with the next two -- on March 22 and June 19, 2025 -- both expected to bring the probe back to a similarly close distance from the Sun. — AFP
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WASHINGTON — President-elect Donald Trump has picked several people for his Cabinet and key staff positions who have been accused of some form of sexual misconduct. Trump himself has long been accused of abusing or mistreating women and once was caught bragging about grabbing women by the genitals. He was found liable by a New York City jury for sexual abuse and defamation and eventually ordered to pay the woman, E. Jean Carroll, $83 million in damages. Taken together, there are a striking number of incidents in which potential high-ranking government officials in Trump’s second administration face allegations of sexual abuse. Matt Gaetz withdrew from the nomination process for attorney general under scrutiny. Trump and all of his picks for government have denied the claims against them, with some of the people accused arguing the cases are driven by politics. Here’s a look at what’s known about the cases: Jurors in New York last year found Trump liable for sexually abusing Carroll , an advice columnist, in 1996. The verdict was split: Jurors rejected Carroll’s allegation that she was raped, based on New York’s legal definition of the word at the time, finding Trump responsible for a lesser degree of sexual abuse. Jurors also found Trump liable for defaming Carroll over her allegations. Trump did not attend the civil trial and was absent when the verdict was read. Carroll was one of more than a dozen women who have accused Trump of sexual assault or harassment. She went public in a 2019 memoir with her allegation that the Republican raped her in the dressing room of a posh Manhattan department store. Trump denied it, saying he never encountered Carroll at the store and did not know her. He has called her a “nut job” who invented “a fraudulent and false story” to sell a memoir. He has similarly denied claims by other women. A woman told police that she was sexually assaulted in 2017 by Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave, according to a detailed investigative report made public this week. Hegseth told police at the time that the encounter had been consensual and denied any wrongdoing, the report said. News of the allegations surfaced last week when local officials released a brief statement confirming that a woman had accused Hegseth of sexual assault in October 2017 after he had spoken at a Republican women’s event in Monterey. Hegseth’s lawyer, Timothy Parlatore, said in a statement that the police report confirms “what I have said all along that the incident was fully investigated and police found the allegations to be false, which is why no charges were filed.” Parlatore said a payment was made to the woman as part of a confidential settlement a few years after the police investigation because Hegseth was concerned that she was prepared to file a lawsuit that he feared could have resulted in him being fired from Fox News, where he was a popular host. Parlatore would not reveal the amount of the payment. A woman who babysat for Kennedy and his second wife told Vanity Fair magazine that he groped her in the late 1990s, when she was 23. Kennedy did not deny the allegation, telling a podcast: “I had a very, very rambunctious youth.” He texted the woman an apology after the story was published. According to an interview the woman gave this week with USA Today , she said she was babysitting for his children at Kennedy’s home in Mount Kisco, N.Y. She said that the assault happened soon after she began working there. During a kitchen table meeting with Kennedy and another person, she said she felt him rubbing her leg under the table. She told the newspaper that another time , Kennedy, then 46, asked her to rub lotion on him when he was shirtless and she obliged because she wanted to get it over with, and that he grabbed her in a kitchen pantry and groped her, blocking her exit. A lawsuit filed last month alleges that McMahon knowingly enabled sexual exploitation of children by a World Wrestling Entertainment employee as early as the 1980s. She denies the allegations. The suit was filed in October in Maryland, where a recent law change eliminated the state’s statute of limitations for child sex abuse claims, opening the doors for victims to sue regardless of their age or how much time has passed. The complaint alleges that Melvin Phillips, who died in 2012, would target young men from disadvantaged backgrounds and hire them as “ring boys” to help with the preparations for wrestling matches. Phillips would then assault them in his dressing room, hotels and even in the wrestlers’ locker room, according to the complaint, which was filed on behalf of five men. The abuse detailed in the lawsuit occurred over several years during Phillips’ long tenure with the organization spanning from the 1970s to the early 1990s. Because of his death, Phillips is not among the named defendants. Instead, the complaint targets WWE founders Linda McMahon and her husband, Vince. The couple was well aware of Phillips’ brazen misconduct but did little to stop him, according to the complaint. “This civil lawsuit based upon thirty-plus year-old allegations is filled with scurrilous lies, exaggerations, and misrepresentations regarding Linda McMahon,” said Laura Brevetti, Linda McMahon’s lawyer, in a statement. “The matter at the time was investigated by company attorneys and the FBI, which found no grounds to continue the investigation. Ms. McMahon will vigorously defend against this baseless lawsuit and without doubt ultimately succeed.” Brevetti confirmed Linda and Vince McMahon are separated. Tesla and SpaceX Chief Executive Elon Musk was accused of sexual misconduct by a flight attendant contracted by SpaceX who worked on his private jet in 2016. He denied the claim. A 2022 report by Business Insider said SpaceX paid the woman $250,000 in severance in 2018 in exchange for her agreeing not to file a lawsuit over her claim. The Business Insider report was based on an account by the flight attendant’s friend, who said the flight attendant told her about the incident shortly after it happened. The report also said the flight attendant was required to sign a nondisclosure agreement that prohibits her from discussing the payment or anything else about Musk and SpaceX. SpaceX didn’t respond to emails seeking comment. Musk responded to the allegations on Twitter, which he was in the process of buying at the time they surfaced. “And, for the record, those wild accusations are utterly untrue,” he wrote in response to one user who tweeted in support of him. He replied to another: “In my 30 year career, including the entire MeToo era, there’s nothing to report, but, as soon as I say I intend to restore free speech to Twitter & vote Republican, suddenly there is ...” The former Florida congressman was embroiled in a sex trafficking investigation by the Justice Department he had been tapped to lead. He also was under scrutiny by the House Ethics Committee over allegations including sexual misconduct — until he resigned from Congress this week. He then withdrew his name for consideration. Gaetz has vehemently denied any wrongdoing and said last year that the Justice Department’s investigation into sex trafficking allegations involving underage girls had ended with no federal charges against him. Federal investigators scrutinized a trip that Gaetz took to the Bahamas with a group of women and a doctor who donated to his campaign, and whether the women were paid or received gifts to have sex with the men, according to people familiar with the matter who were not allowed to publicly discuss the investigation. Two women told House investigators that Gaetz paid them for sex and one of the women testified she saw him having sex with a 17-year-old, according to an attorney for the women. The committee began its review of Gaetz in April 2021, deferred its work in response to a Justice Department request, and renewed its work shortly after Gaetz announced that the Justice Department had ended a sex trafficking investigation. Long writes for the Associated Press. AP writer Eric Tucker contributed to this report.Team Canada disappoints again, Czechia emerges as a contender on Day 4 at World Juniors
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