Securities,
Civil Litigation,
Corporate
Jun. 11, 2019
Snapchat investors seek class certification
Snapchat investors, suing the social media company for securities fraud, have asked a federal judge to grant them class certification.
Snap Inc. investors, suing the social media company for securities fraud, have asked a federal judge to grant them class certification.
They claim Snapchat peddled a false narrative of strong user growth leading up to its initial public offering and downplayed the impact of Facebook Inc.'s introduction of Instagram Stories in 2016.
Plaintiffs claim Instagram stories, a similar feature to what S...
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