Company: Snap, Inc.
Class Period: March 2, 2017 — August 10, 2017
Court: U.S.D.C. – Central District of California
Deadline: January 31, 2019
Kaskela Law LLC announces that a class action lawsuit has been filed against Snap, Inc. (“Snap” or the “Company”) (NYSE: SNAP) on behalf of investors who purchased the Company’s common stock between March 2, 2017 and August 10, 2017, inclusive (the “Class Period”).
On or about March 2, 2017, Snap completed its initial public offering (“IPO”) of common stock, selling over 230 million shares of stock to investors.
Among other things, the investor class action complaint alleges that Snap and certain other defendants made materially false and misleading statements to investors during the Class Period about the Company’s business, operations, and user growth and engagement.
IMPORTANT DEADLINE: Investors who purchased Snap’s common stock during the Class Period may, no later than January 31, 2019, seek to be appointed as a lead plaintiff representative of the class through Kaskela Law LLC, or other counsel, or may choose to do nothing and remain an absent class member.
Investors who purchased Snap’s common stock during the Class Period are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) toll-free at (888) 715 – 1740, or complete the information form on this page, to receive additional information and to learn how to participate in this action.