Cases
Snap Inc. (SNAP)
Securities Class Action
Overview
Overview
- Date:
- 3/8/2019
- Company Name:
- Snap Inc.
- Stock Symbol:
- SNAP
- Status:
- Closed/Complete
NEW YORK, March 8, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Snap Inc. (NYSE: SNAP). Our investigation concerns whether Snap has violated the federal securities laws and/or engaged in other unlawful business practices.
On March 6, 2019, The Wall Street Journal reported that in 2018, Snap “paid settlements to at least three female employees who were let go in layoffs that they alleged disproportionately targeted women.” Citing “people familiar with the matter,” the article reported that “[t]he layoffs came months after an engineer at the company raised concerns in an email to colleagues about what she said was a sexist culture.”
On this news, Snap’s share price fell by more than 2%, closing at $9.87 on March 6, 2019.
If you purchased or otherwise acquired Snap shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On March 6, 2019, The Wall Street Journal reported that in 2018, Snap “paid settlements to at least three female employees who were let go in layoffs that they alleged disproportionately targeted women.” Citing “people familiar with the matter,” the article reported that “[t]he layoffs came months after an engineer at the company raised concerns in an email to colleagues about what she said was a sexist culture.”
On this news, Snap’s share price fell by more than 2%, closing at $9.87 on March 6, 2019.
If you purchased or otherwise acquired Snap shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.