$187.5 Million Snap Securities Litigation Settlement Approved

IPO litigation settled in both state and federal courts

Block & Leviton helped secure a $187.5 million settlement of the sprawling securities litigation against Snap, Inc. for misleading investors when it went public in 2019. In approving the settlement of the state court action, the Court was highly complementary of the settlement. “In this case, counsel did achieve excellent results for the members of the class. The issues were complicated with respect to matters raised on the Securities Act.”

The multi-million dollar settlement was achieved after years of hard-fought litigation. “This settlement represents an excellent result for investors and helps offset losses they incurred after buying Snap securities in the Company’s initial public offering,” said Block & Leviton partner Jacob Walker.

Are you a victim of corporate fraud?

Talk to us about your case.

Contact our attorneys for a no-cost case evaluation.

June 22, 2021

More News Stories

July 18, 2022
Block & Leviton Announces Kimberly A. Evans To Lead Firm's Delaware Office

Ms. Evans is replacing Nathan A. Cook, who was recently confirmed as the next Vice Chancellor of the Delaware Court of Chancery.

Read story
June 22, 2022
All Roads Lead To Fair Price: The Lesson of Tesla

Block & Leviton's Joel Fleming sums up this important decision

Read story
June 22, 2022
Securities Sidebar: Summer 2022

Block & Leviton's Summer 2022 newsletter

Read story