TMX Newsfile·2026-03-10 01:08Core Viewpoint - A class action lawsuit has been filed against Snowflake Inc. on behalf of purchasers of Class A common stock during the specified Class Period, alleging that the company made misleading positive statements about its business while failing to disclose material negative impacts on consumption and revenues [1][5]. Group 1: Lawsuit Details - The class action lawsuit covers purchasers of Snowflake Class A common stock from June 27, 2023, to February 28, 2024 [1]. - The lawsuit claims that during the Class Period, Snowflake's management made positive statements regarding customer usage and product developments, which were later revealed to lack a reasonable basis due to undisclosed negative impacts on consumption and revenues [5]. Group 2: Participation Information - Investors who purchased Snowflake Class A common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. Group 3: Law Firm Credentials - The Rosen Law Firm, which is leading the class action, has a strong track record in securities class actions and has recovered hundreds of millions of dollars for investors [4]. - The firm was ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4].