Published
January 11, 2026
Updated
September 11, 2026
This $65 million Snap Inc. securities settlement is now closed — the May 6, 2026 claim deadline has passed. Here is what investors in the 2021 class period were entitled to and where the payout stands.
What Is the Snap Securities Settlement About?
Snap Inc. agreed to a $65,000,000 cash settlement to resolve an investor class action alleging that Snap and certain executives made misleading statements that affected the company's stock price during the class period. Snap denies the claims, and the case is being settled to avoid further litigation — the Court has not decided who is right. The claim deadline of May 6, 2026 has now passed.The case is Black v. Snap Inc., et al., No. 2:21-cv-08892-GW-RAO, in the U.S. District Court for the Central District of California.
Status
Settlement Closed
claim deadline passed May 6, 2026
Claim Deadline
May 6, 2026 (passed)
settlement hearing April 23, 2026 at 8:30 a.m. PT
Estimated Payout
Pro rata share of the fund
$65,000,000 cash fund · by Recognized Loss under the Plan of Allocation
Proof Required
Yes
brokerage statements or transaction confirmations of your Snap trades
Who Qualified for a Payout?
Class members are investors who, between February 5, 2021 and October 21, 2021 (inclusive), purchased or otherwise acquired Snap Inc. publicly traded securities or call options, or sold Snap Inc. put options, and were damaged thereby. Certain people and entities are excluded; the official notice explains the exclusions in detail.Free settlement alerts
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How Much Could Class Members Get?
There is no guaranteed per-person amount. Payments are a pro rata share of the Net Settlement Fund, based on the Court-approved Plan of Allocation, the number of valid claims submitted, and Court-approved deductions (administration costs and attorneys' fees and expenses).When Will Payments Be Made?
A fixed payment date is not listed. In securities settlements, payments usually happen after the Court grants final approval, any appeals are resolved, and the claims administrator finishes reviewing and processing claims.Was Proof Required?
Yes. Claimants had to provide trading details and supporting documentation such as brokerage statements or transaction confirmations, since the settlement is based on specific purchases and sales during the class period. If you filed and need help with a submitted claim, use the contact form on the official settlement website.Frequently Asked Questions About the Snap Settlement
Who qualifies for the Snap securities settlement?
You may qualify if you purchased or otherwise acquired Snap Inc. publicly traded securities or call options, or sold Snap Inc. put options, between February 5, 2021 and October 21, 2021, inclusive, and were damaged thereby, and you are not excluded under the settlement definition.
What is the Snap settlement amount?
The settlement amount is $65,000,000 in cash.
What was the claim deadline?
May 6, 2026. That deadline has passed and the settlement is closed to new claims.
When was the settlement hearing?
April 23, 2026 at 8:30 a.m. PT.
How much will claimants get paid?
Payments are a pro rata share of the net settlement fund based on the court-approved plan of allocation and the number of valid claims. The exact per-claimant amount depends on trading during the class period and total claims filed.
Official Settlement Notice
Other Snap Inc. Litigation
This settlement resolved claims brought by investors over statements that allegedly moved Snap's stock price, and it released only those claims. Snap remains a named defendant in a separate body of litigation brought by users and their families: in MDL 3047 and JCCP 5255, plaintiffs allege Snapchat was designed to keep minors engaged and harmed them as a result. Snap denies the allegations and no court has found it liable. Nothing in the securities settlement covers or resolves those claims. There is also no public class action claim form for them — they are individual personal-injury claims evaluated case by case — so there is no fund to file against.• Snapchat addiction lawsuit for minors — the Snap-specific cases, including the K.G.M. bellwether Snap settled mid-trial in January 2026.
• Social media addiction lawsuit for minors — the coordinated litigation against Instagram, TikTok, YouTube and Snapchat.
Sources
• Official Settlement Website: SnapSecuritiesSettlement.com• Black v. Snap Inc., et al., No. 2:21-cv-08892-GW-RAO (C.D. Cal.)
• Claims Administrator: A.B. Data, Ltd.
Filing Class Action Settlement Claims
Please submit only truthful information. Claims can be rejected if information is incomplete or inaccurate. OpenClassActions.com is a consumer news site and is not the Claims Administrator or a law firm.
Settlement Amount
$65,000,000
Case Title
Black v. Snap Inc., et al.
Case Number
2:21-cv-08892-GW-RAO
Court
U.S. District Court, Central District of California
Class Period
February 5, 2021 – October 21, 2021
Claim Deadline
May 6, 2026 (passed)
Settlement Hearing
April 23, 2026 at 8:30 a.m. PT
Administrator
A.B. Data, Ltd.
Official Website
Snap Securities Settlement.com
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