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Class action lawsuits

Rosen Law Firm Announces Class Action Lawsuit Against Snap Inc.

Strategic Insights

— 1 min read

The Rosen Law Firm, a global investor rights law firm, has announced the filing of a class action lawsuit on behalf of purchasers of securities of Snap Inc. (NYSE: SNAP) between April 29, 2025 and August 5, 2025. The lawsuit claims that defendants created a false impression of reliable information about Snap's expected advertising revenue and growth, while emphasizing potential macroeconomic instability. The lawsuit claims that investors suffered damages when the true details entered the market.

Key Takeaways:

  • The class action lawsuit was filed on behalf of purchasers of Snap Inc. securities between April 29, 2025 and August 5, 2025.
  • The lawsuit claims that defendants created a false impression of reliable information about Snap's expected advertising revenue and growth.
  • The lawsuit alleges that Snap's optimistic reports of advertising growth and earnings potential fell short of reality.
  • The Rosen Law Firm is seeking compensation for investors who purchased Snap securities during the Class Period.
  • Lead plaintiff must move the Court no later than October 20, 2025, to serve in that role.
  • The Rosen Law Firm has a track record of success in leadership roles in securities class actions and shareholder derivative litigation.
  • In 2019, the firm secured over $438 million for investors, and in 2020, founding partner Laurence Rosen was named by Law360 as a Titan of Plaintiffs' Bar.
  • The case details the alleged execution error by Snap, which resulted in a significant loss of advertising revenue and earnings potential.
  • Investors who wish to join the Snap class action can visit https://rosenlegal.com/submit-form/?case_id=2663 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

Statistics:

  • $438 million was secured by the Rosen Law Firm for investors in 2019.
  • Over $1 billion has been recovered by the Rosen Law Firm for investors since 2013.
  • 2017 was the year in which the Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements.
  • The Rosen Law Firm has been ranked in the top 4 each year since 2013.

Sources:

  • Newsfile Corp. - August 25, 2025.
  • The Rosen Law Firm, a global investor rights law firm.
  • Snap Inc. (NYSE: SNAP).
  • Law360.

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