Class Action
Skyworks AI Supercycle Securities Litigation
Cesar Nunez v. Skyworks Solutions, Inc., et al.
Where it stands
Louisiana Sheriffs' Pension & Relief Fund appointed lead plaintiff May 16, 2025. On May 6, 2026, Judge David O. Carter denied the motion to dismiss in its entirety, sustaining §10(b), Rule 10b-5 and §20(a) claims. A motion for reconsideration was subsequently denied.
Key ruling
May 6, 2026 (Carter, J.): motion to dismiss denied in full. Court found it implausible that senior executives lacked knowledge of Apple's March 2023 decision to reduce reliance on Skyworks content when rank-and-file employees had it, and credited 'particularized facts supporting deliberate recklessness' plus suspicious executive departures as supporting scienter.
Note on this record
Two class-period formulations appear in the sources (the D&O Diary reports July 30, 2024 – February 5, 2025 for the initial complaint; BLB&G reports August 8, 2023 – February 5, 2025). The 'AI washing' characterization is commentators'; the operative claim is that defendants oversold Skyworks' ability to capitalize on the AI smartphone cycle and its Apple relationship.The record
- Court
- U.S. District Court for the Central District of California
- Case number
- 8:25-cv-00411-DOC-JDE
- Filed
- 2025-03-04
- Defendants
- Skyworks Solutions, Inc. · Liam K. Griffin · Kris Sennesael
- Plaintiffs
- Purchasers of Skyworks Solutions common stock during the class period (alleged as August 8, 2023 – February 5, 2025 in the operative complaint; the initial complaint alleged July 30, 2024 – February 5, 2025)
- Technology at issue
- Skyworks RF front-end semiconductors marketed as positioned for the AI-driven smartphone upgrade cycle (Apple iPhone 16/17)
- Relief sought
- Class damages under Exchange Act §§ 10(b) and 20(a) and Rule 10b-5
- Counsel of record
- Bernstein Litowitz Berger & Grossmann LLP
Claims pleaded
Sources (3)
- Central District Of California Denies Motion To Dismiss Securities Class Action Against Semiconductor CompanyA&O Shearman Securities Litigation Blog · 2026-05-06
- Cesar Nunez v. Skyworks Solutions, Inc. — case summaryBernstein Litowitz Berger & Grossmann LLP · 2025-05-16
- Two Companies Hit with Separate AI-Washing Securities LawsuitsThe D&O Diary · 2025-03-09
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