Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

SNAP Kaskela Law LLC Announces Class Action Lawsuit Against Snap, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm – SNAP

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/12/2019 | 01:20pm EST

RADNOR, Pa., Jan. 12, 2019 (GLOBE NEWSWIRE) -- 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 May 15, 2017 (the “Class Period”).

Investors who purchased Snap’s common stock during the Class Period and suffered a financial loss in excess of $100,000 as a result of such purchases are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 to discuss their legal rights and options.  Additional information about this action may be found at http://kaskelalaw.com/case/snap-inc/.

The 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. 

On May 10, 2017, Snap issued its first quarterly financial and operational report as a public company, and therein disclosed to investors, among other things, disappointing user growth at the Company’s Snapchat messaging platform.  Following this news, shares of Snap’s common stock fell $4.93 per share, or nearly 21.5% in value, to close on May 11, 2017 at $18.05 per share. 

Subsequently, on May 16, 2017, Bloomberg reported that a former Snap employee, Anthony Pompliano, had filed a lawsuit against Snap, “claim[ing] he was fired after three weeks on the job for raising questions about allegedly false growth metrics [and] seeking whistleblower protection against retaliation by [the] company.”

IMPORTANT DEADLINE:  Investors who purchased Snap’s common stock during the Class Period may, no later than January 31, 2019, seek to be designated as a lead plaintiff representative of the class. 

Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country.  For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

D. Seamus Kaskela, Esq.
KASKELA LAW LLC
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com

KASKELA LAW LOGO1.jpg


© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
07:04p21ST CENTURY FOX : Announces Pricing of Senior Notes by Fox Corporation
PR
07:04pYRIV $100K NOTICE : Rosen Law Firm Reminds Yangtze River Port and Logistics Limited Investors of Important Deadline in First Filed Class Action - YRIV
PR
07:01pDESERT LION ENERGY : Interest Payment of Convertible Promissory Notes
AQ
07:01pSEASPAN : Announces Closing of Second $500 Million Investment by Fairfax Financial Holdings Limited
PR
07:01pTHE NEW HOME COMPANY : Schedules Fourth Quarter and Full Year 2018 Earnings Release and Conference Call
BU
07:01pBig Banks Find Sweet Spot in Higher Rates -- Update
DJ
07:01piSIGN Media Announces A Promissory Note Extension and Related Interest Terms
GL
06:50pWESTERN TROY CAPITAL RES : CORRECTING and REPLACING – Western Troy Capital Resources Inc.
AQ
06:49pPAYLOCITY : Recognized as One of G2 Crowd's Best Software Companies
PU
06:49pAZUL : announces the re-election of the Company´s Board of Executive Officers
PU
Latest news "Companies"
Advertisement