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Snap Inc. Securities Litigation Settlement

Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases

Closed to new claims. Browse open settlements →

Where this case stands

Payments distributed June 29, 2022

The court approved the settlement and the administrator has reported sending payments to class members who filed valid claims.

Before Judge Stephen V. Wilson, U.S. District Court, Central District of California & California Superior Court, Los Angeles County (No. 2:17-cv-03679-SVW-AGR (C.D. Cal.) & No. JCCP 4960 (Cal. Super. Ct., Los Angeles Cty.)).

  1. May 16, 2017
    Case filed
  2. March 9, 2021
    Case closed by the court
  3. June 29, 2022
    Payments distributed

What happened

Plaintiffs alleged that Snap Inc., certain of its executives and directors, and underwriters for Snap's Initial Public Offering made materially false and misleading statements and omissions about Snap's business. The parties have reached proposed settlements to resolve these claims.

Do you qualify?

This page does not specify the class eligibility criteria. Claimants should consult the joint Claim Form or the separate Federal or State Action sites for specific class definition details.

How to file

Complete the joint Claim Form to participate in either or both the Federal and State settlements. Only one Claim Form is needed to participate in both settlements. Claimants can also submit a claim online through the website (specific URL not provided on this page).

Common questions

What is the status of the Snap Inc. Securities Litigation Settlement?
Payments distributed June 29, 2022. The court approved the settlement and the administrator has reported sending payments to class members who filed valid claims.
Is the Snap Inc. Securities Litigation Settlement notice real, or a scam?
JND Legal Administration is the court-appointed administrator. Claims are filed only at snapsecuritieslitigation.com. Filing is always free, and no administrator asks for payment or a full Social Security number by email or text.How to tell a real settlement notice from a scam →
Who are the attorneys in the Snap Inc. Securities Litigation Settlement?
For the plaintiffs: Patrick V. Dahlstrom (Pomerantz LLP); Jeremy A. Lieberman (Pomerantz LLP); Jonathan F. Neumann (Kessler Topaz Meltzer and Check LLP); J. Alexander Hood , II (Pomerantz LLP). For Snap Inc., certain Snap executives and directors, and underwriters for Snap's IPO: Jeannie S. Rhee (Paul Weiss Rifkind Wharton and Garrison LLP); Theodore V Wells , Jr (Paul Weiss Rifkind Wharton & Garrison LLP); Harris Fischman (Paul Weiss Rifkind Wharton and Garrison LLP); Doru Gavril (Freshfields Bruckhaus Deringer US LLP). From the public court docket.

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

Other cases these firms appear in

From the public court docket, contact details as filed; not an endorsement.

In the news

Headlines via NewsAPI.

Guides:Why is my settlement check so small?How long a settlement takes to pay outIs this settlement notice real, or a scam?

Summarised from public settlement documents; confirm terms on the official settlement website. ClaimWatch is not a law firm, and filing a claim is free.

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