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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, Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844, alleges that Snap and certain executives failed to disclose material information during the class period, violating federal securities laws.

The lawsuit stems from Snap's announcement on August 5, 2025, of its financial results for the second quarter of fiscal 2025, which disclosed a deceleration in advertising revenue growth due to an issue related to its ad platform, the timing of Ramadan, and the effects of de minimis changes. As a result, the price of Snap's shares fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, a decline of approximately 17.15% in a single day.

Kahn Swick & Foti, LLC, a premier boutique securities litigation law firm, is representing investors in this case. The firm's partner, Charles C. Foti, Jr., is a former Attorney General of Louisiana. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

Key Takeaways:

  • The securities class action 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's securities between April 29, 2025, and August 5, 2025, inclusive, have until October 20, 2025, to file lead plaintiff applications.
  • Snap and certain executives are accused of violating federal securities laws by failing to disclose material information during the class period.
  • The lawsuit alleges that Snap's announcement on August 5, 2025, of its financial results for the second quarter of fiscal 2025 was misleading and caused a decline in the company's stock price.
  • The price of Snap's shares fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, a decline of approximately 17.15% in a single day.
  • KSF, a premier boutique securities litigation law firm, is representing investors in this case, led by Charles C. Foti, Jr., a former Attorney General of Louisiana.
  • KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

Statistics:

  • The price of Snap's shares fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, a decline of approximately 17.15% in a single day.
  • The lawsuit alleges that Snap's announcement on August 5, 2025, of its financial results for the second quarter of fiscal 2025 was misleading and caused a decline in the company's stock price.
  • Investors who purchased Snap's securities between April 29, 2025, and August 5, 2025, inclusive, have until October 20, 2025, to file lead plaintiff applications.

Sources:

  • "NEW YORK and NEW ORLEANS, Sept. 22, 2025 (GLOBE NEWSWIRE) -- , LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 20, 2025 to file lead plaintiff applications in a securities class action lawsuit against Inc. (NYSE: SNAP)," GlobeNewswire, September 22, 2025.
  • "Kahn Swick & Foti, LLC, a premier boutique securities litigation law firm, is representing investors in this case. The firm's partner, Charles C. Foti, Jr., is a former Attorney General of Louisiana. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg." GlobeNewswire, September 22, 2025.
  • "To learn more about KSF, you may visit ." GlobeNewswire, September 22, 2025.

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