DEADLINE THURSDAY: The Schall Law Firm Announces it is Investigating Claims Against Snap, Inc. & Encourages Investors with Lo...
29 Janeiro 2019 - 03:47PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Snap, Inc. (“Snap” or “the Company”) (NYSE: SNAP) for
violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities
and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Snap’s user growth as reported by the
company to the market was false and materially misleading. In fact,
the Company faced a lawsuit from a former employee that alleged 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.” Based on these
facts, the Company’s statements were false and materially
misleading throughout the IPO and class period. When the market
learned the truth about Snap, investors suffered damages.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20190129005756/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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