#United States #New York #Class Action #Inc. #Pomerantz LLP #Snap

Investor Alert: Class Action Lawsuit Filed Against Snap, Inc.

Pomerantz LLP, a leading law firm based in New York, has officially filed a class action lawsuit against Snap, Inc. (NYSE: SNAP) on behalf of investors who have suffered losses due to potential securities fraud. The firm is calling on affected individuals to reach out for assistance, emphasizing deadlines for participation in the lawsuit.

Understanding the Lawsuit

The legal action is focused on allegations that Snap and certain executives may have engaged in unlawful business practices, specifically related to the company's handling of its advertising platform and financial disclosures. On August 5, 2025, Snap revealed disappointing financial results for the second quarter, which caused a significant drop in the company's stock price by 17.15%, falling to $7.78 per share. This decline followed disclosures about a slowdown in advertisement revenue growth amidst claims of operational issues and poor timing with relevant market events.

As part of the class action, investors who purchased Snap securities during the identified Class Period are urged to step forward and potentially assume the role of Lead Plaintiff. Current deadlines indicate that investors must act before October 20, 2025, to ensure their voices are heard in the ongoing litigation process. A copy of the complaint is available on the firm's official website, providing further detail on the claims being pursued.

Contact Information

Investors seeking to inquire about their eligibility or to join the class action can contact Danielle Peyton at Pomerantz LLP via email at [email protected] or by phone at 646-581-9980. It is recommended for those reaching out to include their mailing address, contact number, and the number of shares they acquired to facilitate the process.

About Pomerantz LLP

Pomerantz is recognized as one of the premier law firms specializing in corporate, securities, and antitrust class litigation. Founded by Abraham L. Pomerantz, the firm has a rich legacy in advocating for victims of corporate wrongdoings. Over its 85-year history, Pomerantz has successfully recovered numerous multimillion-dollar settlements for affected parties, solidifying its reputation in the field of securities class actions. Their mission remains steadfast in fighting against securities fraud and breaches of fiduciary duty.

As the litigation against Snap, Inc. unfolds, affected investors are encouraged to stay informed and take proactive steps to ensure their legal rights are protected. Continuous updates on the proceedings will be made available to those involved as the situation develops.

Stay connected for updates, and if you believe you’ve been impacted by Snap’s business practices, do not hesitate to reach out to Pomerantz LLP for guidance and support.