#United States #Class Action #New Orleans #ClaimsFiler #Snap Inc.

Important Update for Snap Inc. Investors

Investors in Snap Inc., who have incurred losses exceeding $100,000, are urged to take action as they face a crucial deadline regarding a class action lawsuit. ClaimsFiler, a complimentary shareholder information service, has highlighted that the deadline for filing lead plaintiff applications is set for October 20, 2025. This lawsuit encompasses those who purchased Snap securities during the class period spanning April 29, 2025, to August 5, 2025.

Background on the Class Action

The ongoing legal action is being processed in the United States District Court for the Central District of California. Snap Inc. and some of its executives are accused of failing to disclose critical information during the specified period, thus allegedly violating federal securities laws. The situation escalated on August 5, 2025, when Snap disclosed disappointing financial results for the second quarter, revealing a slowdown in advertising revenue growth due to complications related to their advertising platform, alongside other factors like the timing of Ramadan.

Following this revelation, Snap’s stock price suffered a severe drop, plummeting from a closing price of $9.39 on August 5 to $7.78 the following day—an astonishing decrease of nearly 17.15% within just 24 hours. This sharp decline highlights the significant impact that the disclosure had on investor confidence and the company’s financial stability.

The specific case pertaining to these allegations is titled Abdul-Hameed v. Snap, Inc., et al. (No. 25-cv-07844).

How to Get Involved

Investors should actively visit ClaimsFiler's dedicated page for Snap Inc. or reach out via the toll-free number (844) 367-9658 to obtain further assistance. Legal representatives at Kahn Swick & Foti, LLC are on hand to discuss available options and provide guidance regarding individual rights and claims.

The Role of ClaimsFiler

ClaimsFiler operates with a core mission: to equip retail investors with the vital information necessary to reclaim their rightful share of settlements from securities class action litigations. By signing up for free on ClaimsFiler.com, investors can access crucial updates and settlement information for various securities class actions, ensuring punctual submission of their claims. Additionally, the service allows users to upload their portfolio data, enabling notifications about relevant cases that may affect their financial interests.

Should you have any inquiries or need further assistance regarding your involvement in this lawsuit, you can reach out to Kahn Swick & Foti for a no-cost evaluation of your case. It’s essential for affected Snap investors to act swiftly to protect their interests as the deadline approaches, ensuring they have the best chance to reclaim their losses. Don’t miss this opportunity to take significant steps towards potential recovery through this class action lawsuit against Snap Inc.