Securities fraud litigation history and active cases
In Litigation
0
Settlement
1
Closed
2
Total Settlement
$219.69M
2:21cv8892 • November 11, 2021
Class Period Start
February 5, 2021
Class Period End
January 19, 2022
PSLRA Deadline
January 10, 2022
Case Allegations
10b5
Statutes of Repose
Feb 5, 2024
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
May 6, 2026
Settlement Fund
$65,000,000
Settlement Status
Final Approval
Settlement Class
All persons or entities that purchased or otherwise acquired Snap Inc. (“Snap” or the “Company”) publicly traded securities or call options, or sold Snap put options, between February 5, 2021 and October 21, 2021, inclusive.
Claim Administrator
A.B. Data, Ltd.
P.O. Box 173101
Milwaukee, WI 53217
+1 877-777-9249
[email protected]
Settlement Website
https://snapsecuritiessettlement.com/home/Hearing Date
April 23, 2026
Opt-out Deadline
March 26, 2026
Settlement Note
Download hereProof Of Claim
Download here
Apr 24, 2026
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Mar 12, 2026
Motion for Final Approval of Settlement
The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.
Jan 6, 2026
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Jan 6, 2026
Notice of Pendency
Dec 4, 2025
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
2:25cv7844 • August 21, 2025
Class Period Start
April 29, 2025
Class Period End
August 5, 2025
PSLRA Deadline
October 20, 2025
Case Allegations
10b5
Statutes of Repose
Apr 29, 2028
Country
United States
Court
Federal Court
Dec 19, 2025
Voluntary Dismissal
The plaintiff in this action has chosen not to proceed with the case. Once a case is voluntary dismissed, the courts will usually close the case and no further action will be taken.
Dec 5, 2025
Appointment of Lead Plaintiff
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Aug 21, 2025
First Filed Complaint
A securities fraud class action complaint has been filed on behalf of certain investors in Snap Inc.
2:17cv3679 • May 16, 2017
Class Period Start
March 2, 2017
Class Period End
August 10, 2017
PSLRA Deadline
January 31, 2019
Case Allegations
10b5
Statutes of Repose
Mar 2, 2020
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
January 25, 2021
Settlement Fund
$154,687,500
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired Snap Inc. between March 2, 2017 and August 10, 2017, inclusive
Claim Administrator
JND Legal Administration
Snap Securities Litigation
c/o JND Legal Administration
P.O. Box 91314 Seattle, WA 98111
+1 855-958-0630
[email protected]
Settlement Website
https://www.snapsecuritieslitigation.com/federalHearing Date
February 22, 2021
Opt-out Deadline
January 25, 2021
Settlement Note
Download hereProof Of Claim
Download here
May 3, 2022
Disbursement Approved
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Mar 9, 2021
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Nov 25, 2020
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Nov 4, 2020
Scheduling Order
Jul 17, 2020
Scheduling Order
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