Sign in Subscribe
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 to file lead plaintiff applications in a securities class action lawsuit. This action is pending in the United States District Court for the Central District of California. The lawsuit alleges that Snap and certain of its executives failed to disclose material information during the class period, violating federal securities laws. The case is Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844.

Key Takeaways:

  • The lawsuit alleges that Snap failed to disclose material information during the class period, violating federal securities laws.
  • The case is Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844, and is pending in the United States District Court for the Central District of California.
  • Investors who purchased Snap securities between April 29, 2025, and August 5, 2025, may file lead plaintiff applications by October 20, 2025.
  • The lawsuit alleges that Snap and certain of its executives made false or misleading statements about the company's financial results and business.
  • Snap's shares fell by 17.15% on August 6, 2025, after the company announced its financial results for the second quarter of fiscal 2025.
  • KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms.
  • KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

Statistics:

  • The lawsuit alleges that Snap's shares fell by 17.15% on August 6, 2025, after the company announced its financial results.
  • The class period spans from April 29, 2025, to August 5, 2025.
  • The deadline for lead plaintiff applications is October 20, 2025.
  • KSF has offices in 7 locations and a representative office in Luxembourg.
  • The case is Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844, and is pending in the United States District Court for the Central District of California.

Sources:

  • Globenewswire, "KSF Investor Alert: KSF Reminds Investors with Substantial Losses Has Until October 20, 2025 Deadline in Lead Plaintiff Motion in Securities Class Action Lawsuit Against Snap Inc.", published on August 26, 2025.
  • COMTEX, "COMTEX_468328977/2010/2025-08-26T22:04:02".

Read more