Investors of Snap, Inc. May Have Legal Claims – SNAP
Investors Who Have Held Snap Stock Since At Least January 24, 2023 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Snap Inc. (“Snap”) (NYSE: SNAP) breached their fiduciary duties to Snap and its shareholders.
The investigation concerns whether members of Snap’s board of directors or senior management failed to manage Snap in an acceptable manner, in breach of their fiduciary duties to Snap, and whether Snap and its shareholders have suffered damages as a result.
On January 25, 2023, the House Energy and Commerce Committee hosted a roundtable discussing the role of Snap-owned Snapchat in sales of fentanyl. Bloomberg reported the same day that the Federal Bureau of Investigation and the U.S. Department of Justice were investigating Snap for similar conduct.