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Class action lawsuits

Class Action Lawsuit Filed Against Snap Inc. over Alleged Securities Law Violations

Strategic Insights

— 1 min read

Investors who purchased Snap Inc. securities between April 29, 2025, and August 5, 2025, have been notified of a class action lawsuit filed against the company and certain officers. The lawsuit alleges that Snap Inc. made false and misleading statements about its advertising revenue growth, concealing adverse facts and misrepresenting the true state of its advertising performance. The company's advertising revenue growth declined from 9% in the first quarter of fiscal 2025 to 1% in April, according to the Complaint. Investors who suffered a loss in Snap Inc. have until October 20, 2025, to request that the Court appoint them as lead plaintiff.

Key Takeaways:

  • The class action lawsuit seeks to recover damages against Snap Inc. and certain officers for alleged violations of federal securities laws.
  • The lawsuit alleges that Snap Inc. made false and misleading statements about its advertising revenue growth between April 29, 2025, and August 5, 2025.
  • The company's advertising revenue growth declined from 9% in the first quarter of fiscal 2025 to 1% in April, according to the Complaint.
  • Investors who suffer a loss in Snap Inc. have until October 20, 2025, to request that the Court appoint them as lead plaintiff.
  • The lawsuit alleges that Snap Inc. misrepresented the true state of its advertising performance by issuing overwhelmingly positive statements while concealing adverse facts.
  • The company's statements about its business, operations, and prospects were allegedly material and misleading at all relevant times.

Statistics:

  • The period of alleged securities law violations is between April 29, 2025, and August 5, 2025, both dates inclusive.
  • Snap Inc.'s advertising revenue growth declined from 9% in the first quarter of fiscal 2025 to 1% in April.
  • Investors have until October 20, 2025, to request that the Court appoint them as lead plaintiff.

Sources:

  • GlobeNewswire, "Class Action Lawsuit Filed Against Snap Inc." (Sept. 11, 2025)
  • Bronstein, Gewirtz & Grossman, LLC, "Snap Inc. Investors: Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Filed Against Snap Inc."

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