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In Re Snap Inc. Securities Litigation

  1. October 09, 2018

    Snap Accuses Kessler Topaz Of Improper Lead Plaintiff Swap

    Snap Inc. on Friday accused Kessler Topaz Meltzer & Check LLP of putting forward inadequate replacements for an investor who bowed out of a proposed class action claiming the company misrepresented user growth around the time of its initial public offering.

  2. August 31, 2018

    Snap Investors Suing Over IPO Statements Seek Cert.

    Investors accusing Snapchat parent Snap Inc. of misrepresenting user growth and engagement in documents that were related to its initial public offering asked a California federal court on Thursday for class certification.

  3. August 09, 2018

    Snap Can't Get 2nd Shot At Nixing Investor Suit Over IPO

    A California federal judge said Wednesday that the company behind Snapchat cannot appeal his denial of its bid to dismiss a lawsuit alleging it misled investors about competition and the growth of its user base in the run-up to its initial public offering, saying the company failed to meet the "heavy burden" to justify the appeal.

  4. June 08, 2018

    Snap Investors' Misleading Metrics Fight Passes Muster

    The company behind Snapchat can't shirk a consolidated action claiming it misled investors about competition and the growth of its user base in the lead-up to an initial public offering, a California federal judge said Thursday, finding a proposed class of shareholders had sufficiently alleged Snap Inc. filed misrepresentations with the intent to deceive.

  5. September 19, 2017

    Kessler Topaz To Lead Consolidated Snap Investor Suit

    A proposed class of investors accusing Snapchat maker Snap Inc. of misleading them about the app's user growth will be led by Kessler Topaz Meltzer & Check LLP in a securities fraud suit that was consolidated by a California federal judge on Monday.

  6. May 17, 2017

    Snap Hit With Investor Suit Claiming Misleading Metrics

    An investor in Snap Inc. hit the social media company and its senior officers with a proposed class action in California federal court on Tuesday, claiming that the registration statement for the company's $3 billion initial public offering contained misleading information about Snap's user growth.

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