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In Re Snap Inc. Securities Litigation

  1. February 19, 2021

    Kessler Topaz Garners $41.1M For Repping Snap Investors

    Kessler Topaz Meltzer & Check LLP attorneys will take home $41.1 million for their work representing social media giant Snap Inc. investors in a suit alleging fraud, even as the federal judge who approved the deal opined that the overall fee request process does not face any "meaningful opposition and rigorous testing."

  2. January 12, 2021

    Attys For Snap Investors Seek $41M From $155M Deal

    Investors of Snap Inc. asked a California federal judge Monday to approve $41.1 million in attorney fees and expenses for Kessler Topaz Meltzer & Check LLP, as they seek final approval of a nearly $155 million settlement over the social media giant's initial public offering.

  3. March 23, 2020

    Snap Agrees To Pay $155M In IPO Class Action Settlement

    Snap Inc. has agreed to pay nearly $155 million to resolve allegations that the social media giant concealed problematic growth metrics ahead of its initial public offering, according to a motion filed Friday.

  4. January 21, 2020

    Snapchat To Settle With Investors In IPO Fight

    After two and a half years of fierce litigation, the company behind Snapchat and its investors told a California federal court that they reached a settlement resolving accusations that the social media giant concealed problematic growth metrics ahead of its initial public offering.

  5. December 04, 2019

    Snapchat Takes Class Cert. Fight In IPO Suit To 9th Circ.

    Snap Inc., the parent company of social media giant Snapchat, petitioned the Ninth Circuit Tuesday for permission to appeal a lower court's class certification in an investor suit accusing Snap of concealing problematic growth metrics ahead of its initial public offering.

  6. November 21, 2019

    Snap Investors Win Cert. In IPO Class Action

    Shareholders in Snapchat parent Snap Inc. won certification in California federal court Wednesday in their class action over the company's alleged cover-up of problematic growth metrics ahead of its initial public offering.

  7. July 16, 2019

    Snapchat Investors Slam Bids To Block Cert. In IPO Suit

    Investors alleging Snapchat parent Snap Inc. misrepresented user growth and engagement in documents related to its initial public offering told a California federal judge Monday that letting state-court plaintiffs intervene and split claims from the federal case would undermine the very reasons class actions exist.

  8. July 15, 2019

    Snapchat Fights Class Cert. Bid In Investors' IPO Suit

    Snap Inc., the parent company of social media giant Snapchat, urged a California federal judge Friday to reject a certification bid by a proposed shareholder class accusing the company of conducting a fraudulent initial public offering, arguing that the investors' claims were lodged too late and the class definition is "overbroad."

  9. June 25, 2019

    Snapchat Investor Urges Against Class Cert. In IPO Suit

    A dissenting Snapchat investor asked a California federal judge not to certify a shareholder class in a suit accusing the social media giant of conducting a fraudulent initial public offering, telling the court Monday that the proposed damages model would leave IPO investors with little relief.

  10. June 10, 2019

    Snap Investors Lob New Class Cert. Bid In Suit Over IPO

    Investors alleging Snapchat parent Snap Inc. misrepresented user growth and engagement in documents related to its initial public offering urged a California federal court on Friday to certify a class of investors, less than a year after they first sought class status in the suit.

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