An investigation on behalf of current long term investors in Snap Inc. (NYSE:SNAP) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:SNAP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/18/2022 -- An investigation on behalf of current long-term investors in shares of Snap Inc. (NYSE: SNAP) concerning potential breaches of fiduciary duties by certain directors and officers of Snap Inc. was announced.
Investors who are current long term investors in Snap Inc. (NYSE: SNAP) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: SNAP stocks follows a lawsuit filed against Snap Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SNAP stocks, concerns whether certain Snap Inc directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Apple's privacy changes would have, and were having, a material impact on the Company's advertising business, that Snap overstated its ability to transition its advertising with Apple's privacy changes, that Snap knew of, but downplayed, the risks of the impact that Apple's privacy changes had on the Company's advertising business, that Snap overstated its commitment to privacy, and that as a result of the foregoing, defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.
Those who purchased shares of Snap Inc. (NYSE: SNAP) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.