SNAP SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class A...
January 16 2019 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until January 31, 2019 to file lead
plaintiff applications in a securities class action lawsuit against
Snap Inc. (NYSE: SNAP), if they purchased the Company’s shares
between March 2, 2017, and August 10, 2017, inclusive (the “Class
Period”) or traceable to its March 2, 2017 Initial Public Offering.
This action is pending in the United States District Court for the
Central District of California.
Get Help
Snap investors should visit us at
https://www.claimsfiler.com/cases/view.php?s2=nyse-snap or call
toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are
available to discuss your legal options.
About the Lawsuit
Snap and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On August 10, 2017, Snap disclosed disappointing Q2 results
including ongoing lower-than-expected growth in daily active users
(“DAU”), a key user engagement metric. During the earnings
conference call, the Company admitted to using “growth hacking” or
sending push notifications to users to stoke their access levels,
and hence boost user metrics.
On this news, the price of Snap’s shares plummeted $1.94 per
share, or approximately 14%.
The case is In Re Snap Inc. Securities Litigation, No.
2:17-cv-03679.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190116005899/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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