Is the Snap Inc. Securities Litigation Settlement notice real, or a scam?

JND Legal Administration is the settlement administrator for this case. Claims are filed at snapsecuritieslitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.

When will payments from the Snap Inc. Securities Litigation Settlement be sent?

Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. Payments cannot be issued until the court grants final approval and any appeals are resolved.

Claims closedsecurities

Snap Inc. Securities Litigation Settlement

Last verified September 12, 2026Source: jndHow ClaimWatch verifies cases

This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

Plaintiffs alleged that Snap Inc., certain executives and directors, and IPO underwriters made materially false and misleading statements and omissions about Snap's business. The defendants have agreed to proposed settlements to resolve these lawsuits.

Do you qualify?

Investors in Snap Inc.'s Initial Public Offering who allegedly were harmed by the defendants' false and misleading statements. Specific eligibility details and class periods are not stated on this page.

How to file

Complete and submit the joint Claim Form. A single Claim Form is required to participate in settlements of both the Federal Action and the State Action. You can submit a claim online by clicking the link on this website. Specific deadlines and documentation requirements are not stated on this page.

Common questions

Is the Snap Inc. Securities Litigation Settlement notice real, or a scam?: JND Legal Administration is the settlement administrator for this case. Claims are filed at snapsecuritieslitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Snap Inc. Securities Litigation Settlement be sent?: Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. Payments cannot be issued until the court grants final approval and any appeals are resolved.

Who's involved

Plaintiffs

Shawn B. Dandridge
Donald R. Allen
David Steinberg
Howard Weisman
JMP Securities LLC

Defendants

Christopher Young
Scott D. Miller
Stanley Meresman
Michael Lynton
Mitchell Lasky
A G Lafley
Joanna Coles
Imran Khan

+ 29 more

Counsel for plaintiffs

Counsel for defendants

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

In the news

Snap is being probed over its IPO because some investors are salty about losing moneyTechCrunch · November 14, 2018

Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.

New to class actions?

This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

Case: In re Snap Inc. Securities Litigation
Case number: 2:17-cv-03679-SVW-AGR (C.D. Cal.) & JCCP 4960 (Cal. Super. Ct., Los Angeles Cty.)
Court: U.S. District Court, Central District of California and California Superior Court, Los Angeles County
Administrator: JND Legal Administration

Official settlement website →

Case status & court docket

Federal court in CaliforniaMore from California

U.S. District Court, Central District of California and California Superior Court, Los Angeles County

Case terminated March 9, 2021

June 29, 2022
Distribution to class
IN CHAMBERS ORDER/TEXT ONLY ENTRY by Judge Stephen V. Wilson: Having reviewed the response to the Courts previous minute order, Dkt. 409, the Court concludes that the Claims Administrator correctly rejected Disputed Claim No. 25. Accordingly, the motion for disbursement of funds, Dkt. 405, is grante
May 3, 2022
Distribution to class
ORDER GRANTING CLASS REPRESENTATIVES' APPLICATION FOR LEAVE TO FILE DOCUMENT UNDER SEAL by Judge Stephen V. Wilsongranting 410 APPLICATION: IT IS ORDERED that Class Representatives' Application is GRANTED. Exhibit A to the Declaration of Sharan Nirmul in Response to the Court's Minute Order re: Moti
April 22, 2022
Distribution to class
SCHEDULING NOTICE-IN CHAMBERS ORDER/TEXT ONLY ENTRY by Judge Stephen V. Wilson re: 405 MOTION for Disbursement of Funds filed by Class Representatives - The hearing scheduled for 04/25/2022 at 1:30 p.m. is vacated and off-calendar. Order to issue. THERE IS NO PDF DOCUMENT ASSOCIATED WITH THIS ENTRY.
April 21, 2022
Distribution to class
MINUTE ORDER RE: MOTION FOR DISBURSEMENT OF FUNDS by Judge Stephen V. Wilson: The Court has reviewed the motion for disbursement of funds filed by the Class Representatives 405 . The hearing scheduled for 4/25/2022 at 1:30 PM is unnecessary and is hereby vacated. The Court is inclined to conclude th
April 18, 2022
Distribution to class
REQUEST for Leave of Sharan Nirmul to Appear for Hearing Remotely on Class Representatives' Motion for Approval of Distribution Plan filed by Class Representatives Donald R. Allen, Rickey E Butler, Shawn B. Dandridge, Alan L Dukes, Smilka Melgoza, Tony Ray Nelson, Rediet Tilahun. (Attachments: # 1 P
April 11, 2022
Distribution to class
REPLY in Support of NOTICE OF MOTION AND MOTION for Disbursement of Funds 405 filed by Plaintiffs Donald R. Allen, Shawn B. Dandridge, Movants Rickey E Butler, Alan L Dukes, Smilka Melgoza, Tony Ray Nelson, Rediet Tilahun. (Attachments: # 1 Declaration of Sharan Nirmul, # 2 Exhibit 1_Disputing Claim

View the full court docket on CourtListener →

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