40 days left to seek lead plaintiff status
Case Summary
Company Name Snap Inc.
Stock Symbol SNAP
Class Period July 22, 2020 to October 21, 2021
Motion Deadline January 10, 2022

The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Snap Inc. (NYSE: SNAP). The case is currently in the lead plaintiff stage. Investors who purchased securities of SNAP between July 22, 2020 and October 21, 2021 may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email investors@tenlaw.com or call 617-531-3917.

The case alleges that Snap and its senior executives made misleading statements to investors and failed to disclose that: (i) Apple’s privacy changes would have, and were having, a material impact on Snap’s advertising business; (ii) Snap overstated its ability to transition its advertising with Apple’s privacy changes; (iii) Snap knew of, but downplayed, the risks of the impact that Apple’s privacy changes had on the Company’s advertising business; and (iv) Snap overstated its commitment to privacy.

Interested Snap investors have until January 10, 2022 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.

Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

A class action lawsuit has been filed on behalf of investors in Snap Inc. (SNAP) securities.

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