Snap(US:SNAP) GlobeNewswire News Roomยท2025-09-02 13:51Core Viewpoint - A securities fraud class action lawsuit has been initiated against Snap Inc. for alleged misrepresentations regarding its advertising revenue growth rate, affecting investors who purchased shares between April 29, 2025, and August 5, 2025 [3]. Group 1 - The lawsuit was filed in the United States District Court for the Central District of California on behalf of investors who acquired Snap securities during the specified period [3]. - The allegations include violations of the Securities Exchange Act of 1934 against Snap and certain senior officers [3]. - Investors are reminded of the upcoming deadline to file as lead plaintiff by October 20, 2025, with no fees or expenses required from shareholders [4]. Group 2 - Bernstein Liebhard LLP, the law firm handling the case, has a history of recovering over $3.5 billion for clients and has represented large public and private pension funds [5]. - The firm has been recognized multiple times in The National Law Journal's "Plaintiffs' Hot List" and has been listed in The Legal 500 for sixteen consecutive years [5].