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Snap, Inc. (SNAP)

NYSE:SNAP

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Snap, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Snap, Inc. (“Snap” or the "Company")(NYSE:SNAP) of the January 31, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Snap stock or options between March 2, 2017 and August 10, 2017 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased Snap common stock between March 2, 2017 and August 10, 2017 (the “Class Period”) and/or traceable to the Company’s March 2017 initial public offering. The consolidated complaint in the case, In re Snap, Inc. Securities Litigation, No. 17-cv-03679, was filed on November 1, 2017, and is currently before United States District Judge Stephen V. Wilson.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by, among other things: 1) concealing material information regarding the true nature and extent of how competing platforms, particularly Instagram, impacted Snap's core-business and user growth; 2) failing to disclose a lawsuit brought against the Company filed by its former employee, Anthony Pompliano; and 3) misrepresenting the Company’s use of “growth hacking” to artificially inflate its daily active user numbers.

As the truth gradually emerged, the price of Snap’s common stock fell causing harm to investors.

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To contact Faruqi & Faruqi, LLP please call (877) 247-4292 or (212) 983-9330, or please
fill out the form below and a Firm representative will contact you.

  • Case:
    Snap, Inc. (SNAP)
  •    

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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/11/2018

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