SNOW - SNOWFLAKE ALERT: Bragar Eagel & Squire P.C. Announces that a Class Action Lawsuit Has Been Filed Against Snowflake Inc. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Snowflake Inc. ("Snowflake" or the "Company") (NYSE:SNOW) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Snowflake Class A common stock between September 16, 2020 and March 2, 2022, both dates inclusive (the "Class Period"). Investors have until April 29, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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Snowflake is a cloud data platform that enables its enterprise customers to consolidate data into a single source to build data-driven applications and share data.
The Snowflake class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Snowflake had systematically oversold capacity to customers which created ...