New Suit - Securities

Snap Inc., the creator of messaging app Snapchat, and certain members of its board were hit with a derivative shareholder complaint Tuesday in California Central District Court. The case, brought by Rosen Law Firm on behalf of Tim Dodds, arises from updates made to Apple's mobile privacy features in April 2021. The complaint contends that the defendants misled investors by downplaying the effect the new features would have on Snap's business. Counsel have not yet appeared for the defendants. The case is 2:22-cv-01569, Dodds v. Spiegel et al.

Internet & Social Media

March 09, 2022, 1:07 PM

nature of claim: 850/over alleged violations of federal securities laws