---
title: "03:48 ET\n\t\t\t\n\t\t\t\n\t\t\t\tINVESTOR ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Snap Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm"
description: "The Schall Law Firm has announced a class action lawsuit against Snap Inc. for alleged violations of the Securities Exchange Act. Investors who purchased Snap securities between July 22, 2020, and Oct"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255734277.md"
published_at: "2025-09-03T07:49:43.000Z"
---

# 03:48 ET
			
			
				INVESTOR ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Snap Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm

> The Schall Law Firm has announced a class action lawsuit against Snap Inc. for alleged violations of the Securities Exchange Act. Investors who purchased Snap securities between July 22, 2020, and October 21, 2021, and suffered losses exceeding $250,000 are encouraged to contact the firm before January 10, 2021. The lawsuit claims Snap made false statements regarding the impact of Apple's privacy changes on its advertising business, leading to investor damages when the truth emerged. Interested investors can reach out to the firm for more information.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against 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.

Investors who purchased the Company's securities between July 22, 2020 and October 21, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before January 10, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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 \[email protected\].

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.

According to the Complaint, the Company made false and misleading statements to the market. Apple's device privacy changes were having a material negative impact on Snap's advertising business. The Company had touted its ability to maintain advertising as related to Apple's privacy changes. The Company downplayed the risks to its business presented by Apple's changes. The Company overstated its commitment to user privacy. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Snap, investors suffered damages.

Join the case to recover your losses.

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.

**CONTACT:**

The Schall Law Firm  
Brian Schall, Esq.,  
www.schallfirm.com  
Office: 310-301-3335  
\[email protected\]

SOURCE The Schall Law Firm

### Related Stocks

- [SNAP.US - Snap](https://longbridge.com/en/quote/SNAP.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 澳洲未滿 16 歲兒少禁用社羣媒體 Snapchat 封鎖 41.5 萬帳號 | Snapchat 宣佈已根據澳洲政府的禁令，封鎖或停用 41.5 萬個未滿 16 歲用户的帳號。該禁令要求社交平台禁止 16 歲以下用户持有帳號，違者將面臨高達 4950 萬澳幣的罰款。Snapchat 警告，部分用户可能繞過年齡驗證，且現 | [Link](https://longbridge.com/en/news/274567352.md) |
| Snap 的股票在盈利意外超出預期後大幅上漲 | Snap 表示正在進行 “向盈利增長的戰略轉型。” | [Link](https://longbridge.com/en/news/274876954.md) |
| Novra Technologies 獲得來自 Snap 的 530 萬美元可轉換貸款 | Novra Technologies Inc. 已通過可轉換貸款協議從 SNAPS Holding Company 獲得額外的 320 萬美元，總金額達到 370 萬美元。SNAPS 計劃將這些資金轉換為約 1490 萬股普通股，每股價格為 | [Link](https://longbridge.com/en/news/275665474.md) |
| Snap 的首席財務官表示，與公司在第四季度觀察到的情況相比，宏觀環境到目前為止保持相對穩定 | Snap 首席財務官：與公司在第四季度看到的情況相比，宏觀環境迄今為止保持相對穩定 | [Link](https://longbridge.com/en/news/274880454.md) |
| 研究警報：CFRA 維持對 Snap 股票的持有評級 | CFRA 對 Snap Inc.維持持有評級，將其 12 個月目標價從 10 美元下調至 7 美元，原因是對人工智能領域競爭的擔憂。他們提高了 2026 年和 2027 年的每股收益預期，反映出儘管北美核心廣告業務出現下滑，但第四季度的表現 | [Link](https://longbridge.com/en/news/275027341.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.