World News: 18:19 GMT Saturday 12th January 2019. [Kaskela Law via Globe Newswire via SPi World News]
RADNOR, Pa., Jan. 12, 2019 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a class action lawsuit has been filed against Snap, Inc. (“Snap” or the “Company”) (NYSE: SNAP) on behalf of investors who purchased the Company’s common stock (the “Class Period”).
Investors who purchased Snap’s common stock during the Class Period and suffered a financial loss in excess of $100,000 as a result of such purchases are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 to discuss their legal rights and options. Additional information about this action may be found at .
The class action complaint alleges that Snap and certain other defendants made materially false and misleading statements to investors during the Class Period about the Company’s business, operations, and user growth.
On May 10, 2017, Snap issued its first quarterly financial and operational report as a public company, and therein disclosed to investors, among other things, disappointing user growth at the Company’s Snapchat messaging platform.
Subsequently, on May 16, 2017, reported that a former Snap employee, Anthony Pompliano, had filed a lawsuit against Snap, “claim[ing] 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.”
Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit .
D. Seamus Kaskela, Esq.201 King of Prussia RoadSuite 650Radnor, PA 19087 (484) 258 – 1585 (888) 715 – 1740
Globe Newswire: 18:19 GMT Saturday 12th January 2019
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