Snap $65M Securities Class Action Settlement is Open to Claims
By Steve Levine
Published: January 11, 2026
Status: Open to Claims
Settlement Amount: $65,000,000
Claim Form Deadline: May 6, 2026
Proof required: Yes
Snapchat Class Action Settlement Open to Claims
You may be eligible to participate in a new $65,000,000 class action settlement involving Snap Inc. if you invested in the company during the class period.The open class action lawsuit claims Snap and certain executives made misleading statements that impacted investors. Snap denies these claims. The case is being settled to avoid further litigation, and the Court has not decided who is right.
What is the Total Settlement Amount?
The proposed settlement amount is $65,000,000 in cash.How Do I Qualify For a Payout?
You may qualify if you:• Purchased or otherwise acquired Snap Inc. publicly traded securities, or
• Purchased Snap call options, or
• Sold Snap put options,
during February 5, 2021 through October 21, 2021 (inclusive), and you were damaged thereby.
Certain people and entities are excluded. The official notice explains exclusions in detail.
How Much Can I Get Paid?
There is no guaranteed payout amount.Payments, if approved, are expected to be a pro rata share of the Net Settlement Fund, based on the Court approved plan of allocation and the number of valid claims submitted.
How Do I File a Claim
You can file a claim online through the official settlement claim portal, or you can complete and mail a paper claim form.The settlement website explains both options and provides the claim form.
What is the Claim Form Deadline?
The claim deadline is May 6, 2026.What are the Important Dates?
• Claim Form Deadline: May 6, 2026• Exclusion Deadline: March 26, 2026
• Objection Deadline: March 26, 2026
• Notice of Intention to Appear Deadline: March 26, 2026
• Settlement Hearing: April 23, 2026 at 8:30 a.m. PT
When is the class action settlement payment date?
A payment date is not listed as a fixed calendar date.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.
Is Proof Required to File a Claim?
Yes. You should expect to provide trading details and supporting documentation such as brokerage statements or transaction confirmations, since this settlement is based on specific purchases and sales during the class period.When Will Claim Form Be Available?
The claim form is available now through the official settlement website now until May 6, 2026.How Many People are Affected?
The class action lawsuit does not provide a single number for how many investors are affected. The estimated amount is in the tens or hundreds of thousands, but this number is not confirmed. In general, this type of securities open class action settlement can include investors nationwide who traded the security during the class period, but the final number of claimants depends on how many people file valid claims.When Will this Class Action Be Certified?
The settlement website describes the case as a certified class for settlement purposes, and the Court will consider final approval at the settlement hearing.What are the Odds This Class Action is Settled?
A settlement has already been proposed and a settlement hearing has been scheduled.Final approval still depends on the Court.
What is the Anticipated Settlement Amount?
The proposed settlement amount is $65,000,000.How much will Each Class Action Claimant be Paid?
The exact amount per claimant is not listed.It will depend on:
• The Court approved plan of allocation
• The number of valid claims filed
• Court approved deductions (administration costs, attorneys’ fees and expenses, and any other approved amounts)
How Do I Find Class Action Settlements?
Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:Claim Form Website: SnapSecuritiesSettlement.com
Submit Claim
Official Settlement Notice
Sources
• Official Settlement Website: SnapSecuritiesSettlement.com• U.S. District Court, Central District of California: Black v. Snap Inc., et al., Case No. 2:21-cv-08892-GW-RAO
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 a claims administrator or a law firm.
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Submit Claim| Class Action Summary | |
| Status | Open to Claims |
|---|---|
| Claim Form Deadline | May 6, 2026 |
| Settlement Amount | $65,000,000 |
| Category | Securities and Investments |
| Estimated Payout per Person | Pro rata. Based on the plan of allocation and valid claims filed |
| Class Period | February 5, 2021 to October 21, 2021 |
| Case Number | 2:21-cv-08892-GW-RAO |
| Case Title | Black v. Snap Inc., et al. |
| Court | U.S. District Court, Central District of California |
| Settlement Hearing | April 23, 2026 at 8:30 a.m. PT |
| Opt Out Deadline | March 26, 2026 |
| Objection Deadline | March 26, 2026 |
| Claim Website | Snap Securities Settlement Site |
| Administrator | A.B. Data, Ltd. |