SNAP, INC. INVESTOR ALERT: Gibbs Law Group Investigates Potential Securities Law Violations
Gibbs Law Group is investigating claims on behalf of investors of Snap, Inc. (NYSE: SNAP) involving possible securities law
violations. Specifically, our investigation focuses on allegations that Snap and certain of its officers and/or directors may have
engaged in unlawful business practices or securities fraud.
To speak privately with an attorney regarding this class action lawsuit investigation,
click here.
On January 15, 2019, SNAP announced that its Chief Financial Officer, Tim Stone, would resign to “pursue other opportunities”
after less than a year in that role. The Wall Street Journal published an article on Stone’s departure, noting that it was
the latest in a string of high-profile executive departures from Snap in recent months, and that in choosing to resign after such a
short time with the company, Stone was leaving behind “a hefty share of his $20 million signing bonus.” The Wall Street
Journal article also quoted Peter Crist, chairman of executive-search firm Crist|Kolder Associates, who stated “‘For a talented
CFO to leave after only eight months suggests he or she was surprised with what they found.’”
Following the news of CFO Stone’s departure, shares of SNAP dropped by nearly 8% in after-hours trading on January 15, 2019.
If you purchased or acquired shares of Snap, Inc. and would like to speak privately with a securities attorney to learn more
about our investigation and your legal rights, visit our
website or contact our securities team directly at (800) 808-5294.
Gibbs Law Group represents individual and institutional investors in securities
litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm
has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have
received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “Top Class
Action Attorneys Under 40,” “Consumer Protection MVP,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
EILEEN EPSTEIN
PHONE: 510.350.9728
EMAIL: EJE@CLASSLAWGROUP.COM
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