Rosen Law Firm Announces Class Action Lawsuit Against Snap Inc.

Strategic Insights -

Snap Inc., the parent company of the popular social media platform Snapchat, has been sued by a group of investors who claim that the company's executives made misleading statements about its advertising revenue and growth potential. The lawsuit, filed on behalf of investors who purchased Snap securities between April 29, 2025, and August 5, 2025, alleges that the company's executives created a false impression about the reliability of its information on advertising revenue and growth, while also citing macroeconomic instability as a reason for the company's potential struggles.

Key Takeaways:

  • A class action lawsuit has been filed on behalf of investors who purchased Snap securities between April 29, 2025, and August 5, 2025, alleging that the company's executives made misleading statements about its advertising revenue and growth potential.
  • The lawsuit claims that Snap's executives created a false impression about the reliability of the company's information on advertising revenue and growth, while also citing macroeconomic instability as a reason for the company's potential struggles.
  • A lead plaintiff must be appointed by October 20, 2025, to oversee the litigation.
  • Rosen Law Firm, a global investor rights law firm, is representing the investors and encourages other investors to join the class action lawsuit.
  • The firm has a track record of success in securities class actions and shareholder derivative litigation, having achieved the largest ever securities class action settlement against a Chinese Company and being ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Statistics:

  • The lawsuit covers a period of approximately 4 months, from April 29, 2025, to August 5, 2025.
  • The class action lawsuit has already been filed and a lead plaintiff must be appointed by October 20, 2025.
  • Rosen Law Firm has secured hundreds of millions of dollars for investors in previous cases and has been ranked among the top 4 in securities class action settlements each year since 2013.

Sources:

  • GlobeNewswire
  • Rosen Law Firm
  • ISS Securities Class Action Services
  • Lawdragon
  • Super Lawyers