#USA #New York #Securities Fraud #Levi Korsinsky #Snap Inc.

Class Action Lawsuit Filed Against Snap Inc.

On October 17, 2025, Levi & Korsinsky, LLP announced a significant class action securities lawsuit against Snap Inc. (NYSE: SNAP), aiming to represent investors adversely affected by supposed securities fraud during the period from April 29 to August 5, 2025. The firm is providing investors the opportunity to join the class action before the critical deadline of October 20, 2025.

Understanding the Class Action Lawsuit

The lawsuit refers to a series of misleading statements allegedly made by Snap's management regarding the company's advertising revenue. Investors were told positive stories about growth, while substantial adverse facts surrounding the true state of Snap's business remained obscured. Specifically, the suit claims that Snap's advertising revenue growth rate plummeted dramatically from 9% in the first quarter to a dismal 1% in April due to internal execution failures.

This stark decline in momentum set the stage for the release of Snap's financial results for the second quarter on August 5, 2025. The results revealed a troubling deceleration in advertising revenue growth, a revelation Snap attributed to issues with its ad platform, the timing of Ramadan, and other minor changes. Following this announcement, Snap's stock took a steep fall, plummeting 17.15% from a previous closing price of $9.39 per share to just $7.78 the next day.

Implications for Snap Investors

For those who suffered financial losses due to the misleading information provided by Snap's executives, the opportunity to become a lead plaintiff in this class action lawsuit could be pivotal. Interested parties are encouraged to contact Levi & Korsinsky for guidance on how to proceed before the October 20 deadline. Notably, plaintiffs do not have to serve as lead plaintiffs to participate in any financial recovery possible from the action.

Zero Cost to Participants

One of the most appealing aspects of joining the class action is that there are no upfront costs for potential class members. Levi & Korsinsky assure that participants may be entitled to compensation without any payments required out-of-pocket, ensuring that anyone affected can seek justice without financial burden. This significant aspect underscores the firm’s commitment to aiding investors while minimizing their risks.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has earned a notable reputation over the past two decades, successfully securing hundreds of millions of dollars for affected shareholders through complex and high-stakes cases. The firm features a robust team exceeding 70 professionals dedicated to guiding clients through the process of securities litigation. For seven consecutive years, they have been recognized as one of the top securities litigation firms in the United States according to ISS Securities Class Action Services’ Top 50 Report.

How to Participate

Investors who suffered losses during the relevant time frame are invited to reach out to Levi & Korsinsky for more information on their rights. Contact details for the firm include an email option ([email protected]) and a phone number (212-363-7500), making it easy for interested investors to connect and seek assistance regarding their eligibility in the class action.

As this litigation unfolds, affected Snap investors have the opportunity to hold the company accountable, advocating for transparency and justice regarding the misleading communications that have impacted their investments.