Former Louisiana Attorney General Urges Snap Investors to Act by October in Class Action Lawsuit

Legal Attention for Snap Investors

Former Attorney General of Louisiana, Charles C. Foti, Jr., currently a partner at Kahn Swick & Foti, LLC (KSF), is reaching out to investors who have suffered financial losses exceeding $100,000 from Snap Inc. (NYSE: SNAP) during a specific class period. The alert serves as a reminder that, by October 20, 2025, affected parties have the opportunity to file applications to become lead plaintiffs in a pending class action lawsuit against the social media giant. This case is notably significant as Snap and certain executives are accused of failing to disclose critical information during the class period spanning from April 29, 2025, to August 5, 2025.

Background on the Lawsuit

The current action, filed in the U.S. District Court for the Central District of California, revolves around allegations that Snap misled investors regarding its financial performance, particularly in relation to its advertising revenue. On August 5, 2025, the company disclosed disappointing second-quarter results attributed to troubling factors such as issues with its ad platform and the timing of Ramadan, which led to a significant deceleration in advertising growth.

Following this revelation, investors were alarmed as Snap's stock price fell sharply from $9.39 on August 5 to $7.78 the next day, marking a dramatic plunge of approximately 17.15% in one day. This substantial loss triggered the class action, reflecting concerns shared among investors regarding transparency and corporate governance.

Who Should Take Action?

Investors who purchased Snap securities during the class period and incurred losses over $100,000 are urged to act swiftly. Seeking legal counsel can clarify individual rights regarding potential recoveries from investment losses due to this alleged corporate misconduct. Interested parties should feel free to reach out to Lewis Kahn, Managing Partner at KSF, without any financial obligation. He can be contacted toll-free at 1-877-515-1850 or via email at email protected]. More information is accessible at [KSF's official website.

Conclusion

The KSF firm is recognized nationally as a leading boutique securities litigation law firm, with previous successes in recovering losses for clients stemming from corporate wrongdoing. As the October deadline approaches, impacted investors are strongly encouraged to file their applications to serve as lead plaintiffs in this pivotal class action case against Snap Inc. As this lawsuit unfolds, it underscores the ongoing challenges within the tech sector and highlights the vital role of transparency and accountability in corporate practices.

About Kahn Swick & Foti, LLC

Founded by seasoned attorneys who possess extensive experience in securities law, KSF handles a diverse portfolio of clients including institutional and retail investors. The firm operates across various states, maintaining offices in key locations like New York, California, and Louisiana, while also being recognized among the top ten plaintiff law firms in the nation according to the ISS Securities Class Action Services rankings for settlement value.

In a climate where investment risks are amplified, the importance of due diligence in corporate disclosures cannot be overstated. Investors are urged to stay informed and proactive, particularly in light of the continuing legal developments surrounding Snap Inc. and similar cases in today's rapidly evolving financial landscape.