The information contained on this web page is only a summary of information presented in more detail in the Notice of: (i) Pendency of Class Action, Certification of Class, and Proposed Settlement and Plan of Allocation; (ii) Settlement Fairness Hearing; and (iii) Motion for an Award of Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.
If you are a Class Member, your legal rights will be affected by this Settlement whether you act or do not act.
Please read the Notice carefully.
CLASS: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED SNAP INC. PUBLICLY TRADED SECURITIES OR CALL OPTIONS, OR SOLD SNAP INC. PUT OPTIONS, BETWEEN FEBRUARY 5, 2021 AND OCTOBER 21, 2021, INCLUSIVE AND WERE DAMAGED THEREBY.
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DO NOTHING |
Get no payment. Remain a Class Member. Give up your rights. |
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REMAIN A CLASS MEMBER AND SUBMIT A CLAIM FORM POSTMARKED OR SUBMITTED ONLINE BY MAY 6, 2026 |
This is the only way to be potentially eligible to receive a payment. If you wish to obtain a payment as a member of the Class, you will need to file a Claim Form, received by May 6, 2026. |
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EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A REQUEST FOR EXCLUSION THAT IS RECEIVED BY MARCH 26, 2026 |
Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants or any other Released Defendants Parties about the legal claims being resolved by this Settlement.
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OBJECT TO THE SETTLEMENT SO THAT IT IS FILED OR RECEIVED BY MARCH 26, 2026 |
If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and litigation expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Class Member and do not exclude yourself from the Class. You do not need to submit a Claim Form to object. However, if you object, you must still submit a Claim Form to be potentially eligible to receive any money from the Net Settlement Fund. If you submit a written objection, you may (but do not have to) attend the hearing. |
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GO TO THE HEARING ON APRIL 23, 2026, AT 8:30 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED BY MARCH 26, 2026 |
Ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and litigation expenses. |
How Do I Know If I Am Affected By The Settlement?
For the purposes of settlement, everyone who fits the following description is a Class Member. Please read Paragraph 23 of the Notice for exceptions to inclusion in the Class.
All persons or entities who purchased or otherwise acquired Snap Inc. publicly traded securities or call options, or sold Snap Inc. put options, between February 5, 2021 and October 21, 2021, inclusive and were damaged thereby.
How Much Will My Payment Be?
Defendants have agreed to cause to be paid $65,000,000.00 in cash into escrow for the benefit of the Class. At this time, it is not possible to make any determination as to how much individual Class Members may receive from the Settlement. Lead Plaintiff has proposed a plan for allocating the Net Settlement Fund to those Class Members who timely submit valid Proofs of Claim.
The Settlement Hearing
The Settlement Hearing will be held on April 23, 2026, at 8:30 a.m. PT, before the Honorable George H. Wu, at the United States District Court for the Central District of California, First Street U.S. Courthouse, Courtroom 9D – 9th Floor, 350 W 1st Street, Suite 4311 Los Angeles, CA 90012-4565. The Court reserves the right to approve the Settlement or the Plan of Allocation, Lead Counsel’s motion for an award of attorneys’ fees and expenses, and/or any other matter related to the Settlement at or after the Settlement Hearing without further notice to the members of the Class.
Further Information
For more details regarding this case, please reference the documents filed in the case under the “Court Documents” section at the top of this website. You may also contact the Claims Administrator for further information regarding this case.
Claims Administrator:
Snap Securities Settlement
Claims Administrator
c/o A.B. Data, Ltd.
P.O. Box 173101
Milwaukee, WI 53217
Email: info@SnapSecuritiesSettlement.com
Telephone: (877) 777-9249
Lead Counsel:
Saxena White P.A.
Lester R. Hooker
7777 Glades Road, Suite 300
Boca Raton, FL 33434