Investors Alert: Key Deadline Approaches in Class Action Suit Against Snap Inc.

Kahn Swick & Foti, LLC, a prominent law firm specializing in securities litigation, is once again stepping into the spotlight, reminding investors of an urgent deadline regarding a class action lawsuit against Snap Inc. (NYSE: SNAP). Former Louisiana Attorney General, Charles C. Foti, Jr., a partner at KSF, plays a pivotal role in this legal effort aimed at securing justice for investors impacted by significant losses.

Important Dates and Details

If you are an investor who purchased Snap's securities during the class period from April 29, 2025, to August 5, 2025, and have incurred losses exceeding $100,000, it is crucial to act now. The deadline for filing lead plaintiff applications is October 20, 2025. This lawsuit is currently pending in the United States District Court for the Central District of California.

KSF is inviting affected investors to discuss their legal options and the potential implications of this case on their losses. Prospective lead plaintiffs or those interested in more information can reach out to KSF Managing Partner, Lewis Kahn, at 1-877-515-1850 or via email at email protected]. Additionally, details can be accessed on their website at [ksfcounsel.com.

The Allegations

The class action lawsuit alleges that Snap and its executives failed to disclose critical information during the class period, violating federal securities laws. This lack of transparency came to a head when, on August 5, 2025, Snap released its financial results for the second quarter of fiscal 2025. The announcement revealed a slowdown in advertising revenue growth due to issues with the advertising platform, the timing of Ramadan, and minimal adjustments affecting performance.

As a consequence of this disclosure, Snap's share price plummeted from $9.39 on August 5 to $7.78 by the following day—a staggering drop of approximately 17.15% within just 24 hours. Such a drastic decline raised alarms among investors and triggered the initiation of the class action suit.

The legal case is formally titled 'Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844', focusing on the alleged misconduct that directly led to financial losses for investors who trusted in the company's public disclosures.

About Kahn Swick & Foti, LLC

Founded on a mission to advocate for investors, Kahn Swick & Foti, LLC has emerged as one of the nation's leading boutique securities litigation firms. With a proven track record, KSF ranks among the top 10 plaintiff law firms nationally based on total settlement value according to SCAS (Securities Class Action Services). The firm represents a diverse clientele, including institutional and retail investors, in quests for recovery from investment losses arising from corporate fraud.

KSF's network of offices spans several key locations including New York, Louisiana, California, and Chicago, providing comprehensive legal support to clients navigating the complexities of securities litigation.

In light of the events surrounding Snap Inc. and the looming deadline for filing lead plaintiff applications, KSF urges affected investors to act swiftly. Failure to do so could mean missing out on an opportunity to seek restitution for their financial losses.

For additional inquiries regarding the class action lawsuit or to assess your legal rights, contact Kahn Swick & Foti, LLC, at their New Orleans office.

Closing Remarks

As we approach the October 20 deadline, the urgency for affected investors cannot be overstated. Understanding your rights and taking prompt action can significantly influence the outcome of your case. Make sure to keep abreast of developments in this ongoing legal process, as it could set crucial precedents for investor protection in the future.