Class Action Lawsuit Filed Against Snowflake Inc. Over Alleged Securities Fraud
A class action lawsuit has been filed against Snowflake Inc. (NYSE: SNOW) alleging securities fraud and unlawful business practices. The lawsuit was announced by Pomerantz LLP, and investors are given a deadline of April 27, 2026, to seek appointment as Lead Plaintiff. The case is linked to a February 2024 earnings call where Snowflake's CFO warned of revenue headwinds, which led to an 18.14% drop in the stock price.
Tickers: $SNOW
Topics: class action lawsuit securities fraud Snowflake Inc. stock price drop