Former Louisiana Attorney General Calls Attention to Snap Class Action for Investors Over Major Losses

Alert for Snap Shareholders: Class Action Lawsuit

In a recent announcement from Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., investors who faced significant losses due to Snap Inc.'s recent actions are being urged to take notice of important developments. The firm is reminding investors that if they incurred losses exceeding $100,000 during the designated period between April 29, 2025, and August 5, 2025, they have until October 20, 2025, to apply as lead plaintiffs in a class action lawsuit against the company.

Understanding the Lawsuit

This lawsuit addresses Snap Inc., publicly traded under the ticker symbol SNAP on NYSE, alongside certain executives, for failing to disclose vital financial information that could have impacted the share price during the specified Class Period. On August 5, 2025, Snap disclosed disappointing financial results for the second quarter, primarily linked to an unexpected slowdown in advertising revenue growth. This announcement was attributed to "an issue related to our ad platform, the timing of Ramadan, and the effects of de minimis changes," all of which played a role in disappointing stakeholders.

As a result of this announcement, the market reacted sharply, causing the stock price to plummet from $9.39 at the close on August 5 to $7.78 the following day, which translates to a staggering drop of approximately 17.15% in one day. This incident encapsulates the volatility and unpredictability in the stock market, particularly when companies fail to appropriately manage and convey critical information.

What Investors Should Know

For stakeholders who believe they may be affected, KSF offers a chance to discuss their rights and possible claims without any initial obligation. Lewis Kahn, Managing Partner, can be contacted through a toll-free line at 1-877-515-1850 or via email at [email protected]. More information, including the option to become a lead plaintiff, can be found on their dedicated webpage at KSF Counsel.

Importance of the Lead Plaintiff Status

Filing as a lead plaintiff can significantly enhance the chance for recovery in class-action lawsuits, as it provides a platform for asserting the interests of a larger group of investors. It's crucial for those affected to act swiftly, given the approaching deadline of October 20, 2025. Failure to register within this timeframe may result in the forfeiture of rights to compensation regarding the losses incurred during the Class Period.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC stands as one of the leading boutique law firms for securities litigation in the United States. With a reputation bolstered by past rankings among the nation's top firms based on settlement value, KSF advocates for both public and private investors seeking recovery due to misrepresentation or fraudulent actions enacted by public companies. Their experience, coupled with offices located in key cities such as New York, Delaware, California, and beyond, positions KSF as a formidable ally for those navigating the complexities of investment losses.

Conclusion

The unfolding legal journey against Snap Inc. underscores the importance of transparency and accountability in corporate conduct. Investors are encouraged to stay informed and to explore their legal options if they faced substantial losses in the given timeframe. With the backing of seasoned litigators like Kahn Swick & Foti, they may find a path towards recovery for their financial setbacks as they seek justice for the losses they incurred due to unexpected corporate missteps.