SNAP, INC. INVESTOR ALERT: Gibbs Law Group Investigates Potential Securities Law Violations
January 15 2019 - 9:29PM
Business Wire
Gibbs Law Group is investigating claims on behalf of investors
of Snap, Inc. (NYSE: SNAP) involving possible securities law
violations. Specifically, our investigation focuses on allegations
that Snap and certain of its officers and/or directors may have
engaged in unlawful business practices or securities fraud.
To speak privately with an attorney regarding this class
action lawsuit investigation, click here.
On January 15, 2019, SNAP announced that its Chief Financial
Officer, Tim Stone, would resign to “pursue other opportunities”
after less than a year in that role. The Wall Street Journal
published an article on Stone’s departure, noting that it was the
latest in a string of high-profile executive departures from Snap
in recent months, and that in choosing to resign after such a short
time with the company, Stone was leaving behind “a hefty share of
his $20 million signing bonus.” The Wall Street Journal article
also quoted Peter Crist, chairman of executive-search firm
Crist|Kolder Associates, who stated “‘For a talented CFO to leave
after only eight months suggests he or she was surprised with what
they found.’”
Following the news of CFO Stone’s departure, shares of SNAP
dropped by nearly 8% in after-hours trading on January 15,
2019.
If you purchased or acquired shares of Snap, Inc. and would like
to speak privately with a securities attorney to learn more about
our investigation and your legal rights, visit our website or
contact our securities team directly at (800) 808-5294.
Gibbs Law Group represents individual and institutional
investors in securities litigation to correct abusive
corporate governance practices, breaches of fiduciary duty, and
proxy violations. The firm has recovered over a billion dollars for
its clients against some of the world’s largest corporations, and
our attorneys have received numerous honors for their work,
including “Best Lawyers in America,” “Top Plaintiff Lawyers in
California,” “Top Class Action Attorneys Under 40,” “Consumer
Protection MVP,” and “Top Cybersecurity/ Privacy Attorneys Under
40.”
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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EILEEN EPSTEINPHONE: 510.350.9728EMAIL:
EJE@CLASSLAWGROUP.COM
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