Snap(US:SNAP) Prnewswireยท2025-09-02 12:45Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. due to alleged securities fraud that negatively impacted investors between April 29, 2025, and August 5, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Snap investors who were affected by misleading statements regarding the company's advertising revenue growth [1] - Snap's advertising revenue growth rate reportedly declined from 9% in Q1 to only 1% in April 2025, attributed to execution failures [1] - Following the announcement of second-quarter financial results on August 5, 2025, Snap's stock price fell from $9.39 to $7.78, a drop of approximately 17.15% in one day [1] Group 2: Investor Participation - Investors who suffered losses during the specified timeframe have until October 20, 2025, to request appointment as lead plaintiff [2] - Class members may be entitled to compensation without any out-of-pocket costs or fees [2] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the U.S. [3]