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Tim Dodds v. Evan Spiegel et al
Case Number:
2:22-cv-01569
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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February 26, 2025
Snap Investors End Derivative Suit Over Apple Privacy Change
Executives and directors of Snapchat parent company Snap Inc. have escaped a consolidated shareholder derivative suit alleging the social media company failed to warn investors about the impact that certain iPhone privacy changes would have on its advertising revenue, with a judge signing off on a voluntary dismissal order.
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March 10, 2022
Snap Execs Minimized Apple Privacy Changes, Investor Says
Executives of Snap Inc., the company behind the photo-sharing app Snapchat, have been hit with a shareholder derivative suit in California federal court over claims that they lied to investors about how damaging changes in Apple Inc.'s privacy features would be to the app's advertising revenue, and that they engaged in insider trading.