Levi & Korsinsky Launches Class Action for Snap Inc. Investors: What You Need to Know
On September 26, 2025, Levi & Korsinsky, LLP, a well-established firm known for its diligence in securities litigation, made headlines by notifying investors regarding a class action lawsuit related to Snap Inc., trading under the NYSE ticker SNAP. This legal action arises amidst serious allegations concerning securities fraud that is believed to have negatively impacted shareholders between April 29, 2025, and August 5, 2025.
The core issue at hand revolves around claims made by Snap's executives, who allegedly issued overwhelmingly positive projections to shareholders, while failing to disclose critical and adverse information regarding the firm’s actual advertising revenue growth. Reports implicated that Snap's growth rate had dropped significantly, declining from 9% in the first quarter to a mere 1% by April due to internal execution failures.
A turning point arrived on August 5, 2025, when Snap publicly released its second-quarter fiscal results, revealing disappointing revelations about its advertising revenue growth, which was attributed to 'an issue related to our ad platform, the timing of Ramadan, and the effects of the de minimis changes.' This announcement led to a stark decline in Snap’s stock price, plummeting from a closing price of $9.39 per share before the announcement to $7.78 the day after—the equivalent of a steep 17.15% loss within just 24 hours.
As Levi & Korsinsky embarks on this class action lawsuit, the firm has set a deadline of October 20, 2025, for impacted investors to make their voices heard by requesting the Court to appoint them as lead plaintiff. This is an essential opportunity for shareholders to potentially partake in the recovery process. However, it is important to note that participating as a lead plaintiff is not a prerequisite for sharing in any possible recovery.
The firm emphasizes that there are no costs or fees for class members taking part in the lawsuit. They assure that the process will not entail any out-of-pocket expenses on behalf of the shareholders, exemplifying a commitment to advocate for investors without imposing financial burdens.
Levi & Korsinsky, established over two decades ago, boasts a formidable track record of securing settlements for shareholders and is recognized as one of the top firms in securities litigation, as indicated in ISS Securities Class Action Services' Top 50 Report. Their expertise and steadfast dedication in representing investors in complex securities cases have made them a trusted name in the industry.
Investors holding shares in Snap during the specified time frame are strongly encouraged to reach out, either via the lawsuit submission link provided by Levi & Korsinsky or via direct contact with the firm's attorneys. For further inquiries or legal consultation, potential plaintiffs can also reach out via email or phone, ensuring all questions and concerns are addressed promptly.
In light of the allegations and significant financial implications observed in Snap Inc.'s stock performance, this class action could signify a pivotal moment for shareholders affected by the alleged misconduct. Investors are urged to stay informed and consider taking part to protect their financial interests effectively. The developments surrounding this case will be vital for understanding the ongoing issues within Snap Inc. and the broader implications for transparency and accountability in corporate governance.
For additional details and to join the class action, constituents can engage with Levi & Korsinsky’s team through their official communication channels.
Stay tuned as this unfolding situation continues to develop, and further actions are anticipated as the class action progresses.
The core issue at hand revolves around claims made by Snap's executives, who allegedly issued overwhelmingly positive projections to shareholders, while failing to disclose critical and adverse information regarding the firm’s actual advertising revenue growth. Reports implicated that Snap's growth rate had dropped significantly, declining from 9% in the first quarter to a mere 1% by April due to internal execution failures.
A turning point arrived on August 5, 2025, when Snap publicly released its second-quarter fiscal results, revealing disappointing revelations about its advertising revenue growth, which was attributed to 'an issue related to our ad platform, the timing of Ramadan, and the effects of the de minimis changes.' This announcement led to a stark decline in Snap’s stock price, plummeting from a closing price of $9.39 per share before the announcement to $7.78 the day after—the equivalent of a steep 17.15% loss within just 24 hours.
As Levi & Korsinsky embarks on this class action lawsuit, the firm has set a deadline of October 20, 2025, for impacted investors to make their voices heard by requesting the Court to appoint them as lead plaintiff. This is an essential opportunity for shareholders to potentially partake in the recovery process. However, it is important to note that participating as a lead plaintiff is not a prerequisite for sharing in any possible recovery.
The firm emphasizes that there are no costs or fees for class members taking part in the lawsuit. They assure that the process will not entail any out-of-pocket expenses on behalf of the shareholders, exemplifying a commitment to advocate for investors without imposing financial burdens.
Levi & Korsinsky, established over two decades ago, boasts a formidable track record of securing settlements for shareholders and is recognized as one of the top firms in securities litigation, as indicated in ISS Securities Class Action Services' Top 50 Report. Their expertise and steadfast dedication in representing investors in complex securities cases have made them a trusted name in the industry.
Investors holding shares in Snap during the specified time frame are strongly encouraged to reach out, either via the lawsuit submission link provided by Levi & Korsinsky or via direct contact with the firm's attorneys. For further inquiries or legal consultation, potential plaintiffs can also reach out via email or phone, ensuring all questions and concerns are addressed promptly.
In light of the allegations and significant financial implications observed in Snap Inc.'s stock performance, this class action could signify a pivotal moment for shareholders affected by the alleged misconduct. Investors are urged to stay informed and consider taking part to protect their financial interests effectively. The developments surrounding this case will be vital for understanding the ongoing issues within Snap Inc. and the broader implications for transparency and accountability in corporate governance.
For additional details and to join the class action, constituents can engage with Levi & Korsinsky’s team through their official communication channels.
Stay tuned as this unfolding situation continues to develop, and further actions are anticipated as the class action progresses.
Topics Financial Services & Investing）
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