April 23, 2026
After warning counsel who negotiated a $65 million securities settlement with Snap that he is "notoriously cheap," and in a tentative order gave a "haircut" to their $19.5 million fee request, a California federal judge talked himself out of the trim at a hearing Thursday but quipped, "No Bentleys."
April 22, 2026
A California federal judge who previously described himself to the parties as "cheap" may have lived up to the descriptor Wednesday by tentatively granting final approval to Snap's $65 million securities settlement while indicating he'd likely give a 5% "haircut" to the investor plaintiffs' requested attorney fees.
December 04, 2025
A California federal judge said Thursday he will grant preliminary approval of a $65 million deal to resolve a proposed securities class action against Snapchat, but warned the plaintiffs' side they will "have to see" about the request for 30% of the settlement in attorney fees because he is "notoriously cheap."
October 28, 2025
Snapchat investors urged a California federal judge on Monday to preliminarily approve a $65 million settlement to resolve a proposed securities class action that was recently revived by the Ninth Circuit alleging the social media company downplayed the negative impact Apple's 2021 privacy changes would have on its advertising business.
November 12, 2021
Snapchat's parent company downplayed the negative impact Apple's recent privacy changes would have on its advertising business, causing the stock price to plunge once the effect was realized, investors said in a putative class action filed Thursday in California federal court.