INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Snap, Inc. and Encourages
Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against
Snap, Inc. (“Snap” or “the Company”) (NYSE:
SNAP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares pursuant to and/or traceable to Snap’s Initial Public Offering (“IPO”) on or about
March 2, 2017, or on the open market between March 2, 2017, and May 15, 2017, are encouraged to contact the firm before January 31,
2019.
If you are a shareholder who suffered a loss,
click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404,
Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website
at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Snap’s user growth as reported by
the company to the market was false and materially misleading. In fact, the Company faced a lawsuit from a former employee that
alleged he was fired “after three weeks on the job for raising questions about allegedly false growth metrics [and] seeking
whistleblower protection against retaliation by [the] company.” Based on these facts, the Company’s statements were false and
materially misleading throughout the IPO and class period. When the market learned the truth about Snap, investors suffered
damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of
ethics.
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190114005626/en/