LOS ANGELES -- (Business Wire)
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Snap, Inc. (“Snap” or “the Company”) (NYSE: SNAP) for violations of
§§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Snap’s user growth as reported by the company to the market
was false and materially misleading. In fact, the Company faced a
lawsuit from a former employee that alleged he was fired “after three
weeks on the job for raising questions about allegedly false growth
metrics [and] seeking whistleblower protection against retaliation by
[the] company.” Based on these facts, the Company’s statements were
false and materially misleading throughout the IPO and class period.
When the market learned the truth about Snap, investors suffered damages.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190118005348/en/
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
Source: The Schall Law Firm
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