The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Snap Inc. (“Snap”) (NYSE: SNAP) securities and/or call options, and/or sold put options, between February 5, 2021 and October 21, 2021, inclusive (the “Class Period”).
Snap agreed to pay $65,000,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On December 4, 2025, the Court granted Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for April 23, 2026. This action is not yet open for claims.
Who can file a claim?
The settlement class includes all persons or entities who, during the Class Period:
- Purchased or otherwise acquired Snap securities and/or call options; and/or
- Sold Snap put options.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $65,000,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
This action is not yet open for claims. Please check back soon.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.