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Class action lawsuits

Securities Class Action Lawsuit Against Snap, Inc.

Strategic Insights

— 1 min read

Investors who purchased Snap, Inc. (NYSE: SNAP) securities between April 29, 2025, to August 5, 2025, are being reminded by KSF and former Attorney General of Louisiana Charles C. Foti, Jr. that they have until October 20, 2025, to file lead plaintiff applications in a securities class action lawsuit against the company. The lawsuit, pending in the United States District Court for the Central District of California, alleges that Snap and certain executives failed to disclose material information during the class period, violating federal securities laws.

Key Takeaways:

  • The securities class action lawsuit against Snap, Inc. alleges that the company and certain executives failed to disclose material information during the class period, violating federal securities laws.
  • The lawsuit was filed in the United States District Court for the Central District of California, and investors have until October 20, 2025, to file lead plaintiff applications.
  • Snap announced its financial results for the second quarter of fiscal 2025 on August 5, 2025, disclosing a deceleration in advertising revenue growth due to issues with the ad platform and Ramadan.
  • The price of Snap's shares fell by 17.15% from $9.39 to $7.78 per share on August 6, 2025, following the announcement.
  • KSF, a leading securities litigation law firm, is seeking recoveries for investment losses from corporate fraud or malfeasance by publicly traded companies.
  • KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

Statistics:

  • 17.15%: The decline in Snap's share price on August 6, 2025.
  • $9.39: The closing price of Snap's shares on August 5, 2025, before the announcement.
  • $7.78: The closing price of Snap's shares on August 6, 2025, after the announcement.
  • October 20, 2025: The deadline for investors to file lead plaintiff applications.

Sources:

  • KSF Managing Partner Lewis Kahn, 1-877-515-1850, or lewis.kahn@ksfcounsel.com.
  • KSF, .
  • Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844 (court document).
  • Kahn Swick & Foti, LLC, (firm information).
  • SCAS, (ranking of KSF as top 10 firms nationally based on total settlement value).
  • ISS Securities Class Action Services, (firm information).
  • (Snap's financial results announcement).

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