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SNAP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Snap Inc. - SNAP
GlobeNewswire News Roomยท 2025-09-04 01:57
Core Viewpoint - ClaimsFiler is reminding investors of the deadline to file lead plaintiff applications in a securities class action lawsuit against Snap Inc. for failing to disclose material information during the class period [1][3]. Summary by Sections Lawsuit Details - The lawsuit involves Snap and certain executives accused of not disclosing material information, violating federal securities laws during the class period from April 29, 2025, to August 5, 2025 [3]. - On August 5, 2025, Snap announced a deceleration in advertising revenue growth, attributing it to issues with their ad platform, the timing of Ramadan, and minor changes [3]. - Following this announcement, Snap's share price dropped from $9.39 to $7.78, a decline of approximately 17.15% in one day [3]. ClaimsFiler Information - ClaimsFiler aims to assist retail investors in recovering funds from securities class action settlements [5]. - The platform allows investors to register for free, access information on various securities class action cases, upload portfolio data for notifications on relevant cases, and submit inquiries for free case evaluations [5].