If you invested in Silvaco and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses »
CLASS PERIOD
N/A
LEAD PLAINTIFF DEADLINE
N/A
STOCK SYMBOL
NASDAQ: SVCO
CONTACT
844-916-0895
[email protected]
The investigation is focused on the propriety of Silvaco’s disclosures about the condition of its business in China at the time of the May 2024 IPO and thereafter.
On October 15, 2024, Silvaco reported its preliminary Q3 2024 financial results and provided updated FY 2024 guidance. Among other things, the company reported a 27% year-over-year decrease in revenues, primarily due to delayed orders from China, and significantly reduced FY ranges for its gross bookings, revenue, year-over-year growth, and its non-GAAP operating income.
CEO Babak Taheri said, “we saw a decline in orders from Asia during Q3 primarily driven by economic challenges and the ongoing strain in U.S.-China trade relations.”
This news sent the price of Silvaco shares down $3.61 (-32%) lower on October 16, 2024 to close at $7.45 (or 60% below the IPO price).
FREQUENTLY ASKED QUESTIONS ABOUT THE CASE
- What is the SVCO investigation about?
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We are focused on whether Silvaco was transparent to investors about the troubles the company faced in China.
WHAT SHOULD I DO?
- I worked at SVCO. What should I do?
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If you were an employee of SVCO, you may have valuable information that could be relevant to the investigation. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or [email protected].
- There are multiple law firms participating, do I need to contact all of them?
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No, you do not need to contact all participating law firms. Generally, class-action investigations and lawsuits are consolidated into a single case to streamline the legal process, and attorneys from only a few law firms are selected to serve in a leadership role on the consolidated case. Hagens Berman has a proven track record of being appointed to leadership roles in complex, multidistrict litigation regarding investor fraud and other consumer rights issues, and your claim will be handled by attorneys who have helped secure approximately $325 billion in class-action settlements on behalf of individuals who have suffered due to corporate malfeasance and the wrongdoing of other powerful institutions.
AM I ELIGIBLE?
- What is the threshold amount to be eligible? What are “substantial” losses?
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The threshold amount and the definition of "substantial" losses may vary depending on a number of factors specific to the case, including the size of the company, market cap, shares outstanding and who holds them and the damages alleged by the fraud. In general, to be eligible to participate in a class-action lawsuit, you must be able to demonstrate that you suffered financial losses as a result of the alleged wrongdoing and that your losses meet the criteria set by the court or law firm. Fill out the form and submit your losses.
CAN I PARTICIPATE?
- Am I affected? What do I need to do to participate?
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If you were an investor in SVCO, you may be affected and eligible to participate in the case. To determine your eligibility and potential involvement, fill out the form and submit your losses.
- Can any SVCO investor participate?
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In most class-action investigations and cases, any investor who meets the eligibility criteria, including purchasing the shares during the relevant period, can participate, regardless of the size of their investment. Fill out the form to find out your rights.
- I bought on a non-U.S. Exchange. Can I participate?
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No. This investigation only covers shares bought on a U.S. exchange, i.e. NASDAQ or NYSE. Fill out the form to find out your rights.
- Am I included if I still hold my shares, or do I need to sell to participate?
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Participation is based on purchasing shares during the relevant period, rather than your current holdings. Accordingly, you do not need to sell to participate. Fill out the form to find out your rights.