NEW ORLEANS -- (Business Wire)
ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until January 31, 2019 to file lead plaintiff
applications in a securities class action lawsuit against Snap Inc.
(NYSE: SNAP), if they purchased the Company’s shares between March 2,
2017, and August 10, 2017, inclusive (the “Class Period”) or traceable
to its March 2, 2017 Initial Public Offering. This action is pending in
the United States District Court for the Central District of California.
Snap investors should visit us at https://www.claimsfiler.com/cases/view.php?s2=nyse-snap
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are
available to discuss your legal options.
About the Lawsuit
Snap and certain of its executives are charged with failing to disclose
material information during the Class Period, violating federal
On August 10, 2017, Snap disclosed disappointing Q2 results including
ongoing lower-than-expected growth in daily active users (“DAU”), a key
user engagement metric. During the earnings conference call, the Company
admitted to using “growth hacking” or sending push notifications to
users to stoke their access levels, and hence boost user metrics.
On this news, the price of Snap’s shares plummeted $1.94 per share, or
The case is In Re Snap Inc. Securities Litigation, No.
ClaimsFiler has a single mission: to serve as the information source to
help retail investors recover their share of billions of dollars from
securities class action settlements. At ClaimsFiler.com, investors can:
(1) register for free to gain access to information and settlement
websites for various securities class action cases so they can timely
submit their own claims; (2) upload their portfolio transactional data
to be notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick & Foti,
LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190116005899/en/
Jerry Gallo, 844-367-9658
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