finanzen.net
12.01.2019 00:43
Bewerten
(0)

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Snap, Inc. To Contact The Firm

DRUCKEN

NEW YORK, Jan. 11, 2019 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Snap, Inc. ("Snap" or the "Company")(NYSE:SNAP) of the January 31, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi, LLP. (PRNewsfoto/Faruqi & Faruqi, LLP)

If you invested in Snap stock or options between March 2, 2017 and August 10, 2017and would like to discuss your legal rights, click here: . There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to.

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.

Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased Snap common stock between March 2, 2017 and August 10, 2017 (the "Class Period") and/or traceable to the Company's March 2017 initial public offering. The consolidated complaint in the case, In re Snap, Inc. Securities Litigation, No. 17-cv-03679, was filed on November 1, 2017, and is currently before United States District Judge Stephen V. Wilson.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by, among other things: 1) concealing material information regarding the true nature and extent of how competing platforms, particularly Instagram, impacted Snap's core-business and user growth; 2) failing to disclose a lawsuit brought against the Company filed by its former employee, Anthony Pompliano; and 3) misrepresenting the Company's use of "growth hacking" to artificially inflate its daily active user numbers.

As the truth gradually emerged, the price of Snap's common stock fell causing harm to investors.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is sufficiently adequate and typical of class members to represent the putative class, and who directs and oversees the litigation on their behalf. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Snap's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

 

Cision View original content to download multimedia:

SOURCE Faruqi & Faruqi, LLP

Anzeige
Anzeige
Börse Stuttgart Anlegerclub

Fünf deutsche Internet-Aktien, die Sie kennen sollten!

Das Gute liegt oft so nah. Heimische Internet-Unternehmen rollen den Markt auf. Im neuen Anlegermagazin erwartet Sie ein Special über deutsche Internet-Aktien, die Sie kennen sollten.
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX schließt leichter -- Hedgefonds Elliott erhöht Druck auf eBay -- ZEW-Index steigt -- Dürre belastete K+S-Ergebnis -- Linde, HUGO BOSS, LANXESS im Fokus

Pompeo in Videoleitung optimistisch zu Handelsgesprächen mit China. TomTom verkauft Telematik-Sparte an Bridgestone. easyJet legt Notfallplan für Brexit vor. EU-Kommission verhängt 570 Millionen Euro Strafe gegen MasterCard. Tilray kauft Natura Naturals. US-Versicherer Travelers steigert Gewinn nach Katastrophenjahr kräftig.

Die 5 beliebtesten Top-Rankings

Erster Job
Wo Absolventen am meisten Geld verdienen
Abschlüsse der DAX-Chefs
Diese Studiengänge haben die DAX-Chefs absolviert
Die Performance der DAX 30-Werte in 2018.
Welche Aktie macht das Rennen?
Das sind die reichsten Länder Welt 2018
USA nicht mal in den Top 10
Die Performance der Rohstoffe in in 2018.
Welcher Rohstoff macht das Rennen?
mehr Top Rankings

Umfrage

Glauben Sie, dass es noch zu einem geordneten Brexit kommen wird?

finanzen.net Brokerage

Online Brokerage über finanzen.net

Das Beste aus zwei Welten: Handeln Sie für nur 5 Euro Orderprovision* pro Trade unmittelbar aus der Informationswelt von finanzen.net!
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Deutsche Bank AG514000
Wirecard AG747206
Daimler AG710000
Amazon906866
Apple Inc.865985
CommerzbankCBK100
Aurora Cannabis IncA12GS7
BASFBASF11
TeslaA1CX3T
Deutsche Telekom AG555750
EVOTEC AG566480
SteinhoffA14XB9
Allianz840400
Henkel KGaA Vz.604843
Siemens AG723610