#United States #New York #Class Action #Levi Korsinsky #Snap Inc

Levi & Korsinsky Alerts Snap Inc. Investors Regarding Class Action Lawsuit

Levi & Korsinsky, LLP, a well-recognized firm in the field of investor rights, has officially informed shareholders of Snap Inc. (NYSE: SNAP) about an ongoing class action securities lawsuit. This notice comes following allegations of securities fraud affecting Snap's stock performance from late April to early August 2025.

Understanding the Class Action Lawsuit

The lawsuit is rooted in claims that Snap’s executives made overly optimistic declarations regarding the company’s advertising revenue growth. Shareholders assert that during this period, the company misled investors by not revealing a significant decline in revenue growth rates. Specifically, Snap's growth plummeted from 9% in the first quarter to a stark 1% in April. Subsequently, on August 5, 2025, Snap disclosed dismal financial results for the second quarter, triggering a sharp stock price drop.

On the day of the announcement, Snap's shares went from a closing price of $9.39 to $7.78—a drastic decline of approximately 17.15%. The lawsuit seeks to recover losses incurred by investors who purchased Snap securities during this deceptive period, demonstrating the firm’s steadfast representation of shareholder interests.

Key Dates and Details

The notice stresses that affected investors must act promptly, as the deadline to apply for lead plaintiff status is October 20, 2025. However, participation in the settlement does not require a lead plaintiff role, ensuring accessibility for those who wish to pursue their claims without significant financial strain or obligations.

Notably, those involved in the class action suit may not have to pay any costs upfront, making it a low-risk opportunity for shareholders to seek compensation for their losses.

Why Choose Levi & Korsinsky?

Levi & Korsinsky boasts an impressive track record over the last two decades, successfully securing hundreds of millions in settlements for aggrieved investors. With a team of over 70 professionals specializing in complex securities litigation, the firm has frequently been recognized among the top securities litigation firms in the U.S. According to ISS Securities Class Action Services, they have consecutively ranked on their Top 50 Report.

Their expertise is pivotal in navigating the often complex and daunting landscape of securities litigation, ensuring clients receive the justice they deserve.

How to Get Involved

Investors who believe they may have been harmed by the misleading information from Snap should consider reaching out to Levi & Korsinsky for more details. Joseph E. Levi, one of the firm's prominent attorneys, can be contacted via their office at (212) 363-7500 or by email at [email protected] Furthermore, potential claimants are encouraged to visit their official website to submit their information conveniently through the class action lawsuit form.

For all Snap Inc. investors, this serves as an essential reminder to stay vigilant about their investments and the ongoing issues within the company. Taking timely action could yield significant benefits in seeking restitution for losses incurred due to securities violations. As the situation unfolds, it becomes increasingly critical for investors to remain informed and proactive regarding their securities interests and rights.