The Portnoy Law Firm launched an investigation into potential securities fraud at Snap Inc. on March 11, 2026. The firm is evaluating a potential class-action lawsuit for investors who sustained financial losses. Affected shareholders are encouraged to contact the firm to discuss their legal rights.
The probe focuses on two major stock price declines during 2024. Snap shares fell on August 2, 2024, following the release of second-quarter financial results. A second decline occurred on September 6, 2024, after the New Mexico Attorney General filed a lawsuit against the company.