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Class action lawsuits

Securities Class Action Lawsuit Filed Against Snap Inc.

Strategic Insights

— 2 min read

Investors who purchased Snap Inc.'s securities between April 29, 2025, and August 5, 2025, inclusive, have until October 20, 2025, to file lead plaintiff applications in a securities class action lawsuit. The lawsuit alleges that Snap and certain executives failed to disclose material information during this period, violating federal securities laws. On August 5, 2025, the company announced financial results showing a deceleration in advertising revenue growth due to issues with its ad platform, Ramadan, and other factors. As a result, Snap's shares plummeted by 17.15% on August 6, 2025, from $9.39 to $7.78 per share.

Key Takeaways:

  • The lawsuit, Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844, is pending in the United States District Court for the Central District of California.
  • Investors who purchased Snap Inc.'s securities between April 29, 2025, and August 5, 2025, inclusive, may be eligible to participate in the class action.
  • Snap and certain executives are accused of failing to disclose material information about the company's financial performance during the Class Period.
  • The case is centered around Snap's announcement on August 5, 2025, that its advertising revenue growth had decelerated due to issues with its ad platform and other factors.
  • Snap's share price fell by 17.15% on August 6, 2025, to $7.78 per share, from $9.39 per share on August 5, 2025.
  • The lead plaintiff deadline is October 20, 2025, and investors have until then to petition the court to serve as lead plaintiff.
  • KSF Managing Partner Lewis Kahn is representing institutional and retail investors in the case, and investors who wish to discuss their legal rights may contact him at 1-877-515-1850 or lewis.kahn@ksfcounsel.com.

Statistics:

  • 17.15% - the percentage decline in Snap's share price on August 6, 2025, from $9.39 to $7.78 per share.
  • 1-877-515-1850 - the phone number for KSF Managing Partner Lewis Kahn for investors to discuss their legal rights.
  • August 5, 2025 - the date on which Snap announced its financial results showing deceleration in advertising revenue growth.
  • October 20, 2025 - the deadline for investors to file lead plaintiff applications in the class action lawsuit.

Sources:

  • "KSF Announces Class Action Lawsuit Against Snap Inc. - SNAP" by GlobeNewswire (September 9, 2025)
  • "Kahn Swick & Foti, LLC" by KSF website (no date)
  • "TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services" by ISS Securities Class Action Services (no date)

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