Class Action Lawsuit Filed Against Snowflake Inc. by Shareholder Rights Firm

NEW YORK, March 01, 2024 – Bragar Eagel & Squire, P.C., a legal firm recognized for championing shareholder rights, has officially filed a class action lawsuit against Snowflake Inc. SNOW, the provider of cloud-based data platforms, stationed in San Mateo, California. The lawsuit was lodged in the United States District Court for the Northern District of California.

Accusations from the lawsuit center around alleged violations of federal securities laws. The announcement encourages investors who have lost more than $100,000 investing in Snowflake Inc. stock to contact the firm for representation.

The Allegations Against Snowflake Inc.

The class action claims that Snowflake Inc. SNOW may have provided misleading business information to the investing public, thus breaching federal securities laws. The lawsuit is seeking to recover damages on behalf of all purchasers of Snowflake securities, and those affected are prompted to make contact with the legal firm overseeing the case to join the class action.

Contact and Participation Information

Investors who have incurred sizable losses after investing in Snowflake Inc. SNOW and are interested in participating in the lawsuit are requested to reach out to Bragar Eagel & Squire, P.C. Specific deadlines will be provided for investor entry into the lawsuit, and adequate representation is assured for those who join the class action. The firm provides representation on a contingency fee basis, meaning no fees or expenses will be charged unless there is a recovery.

About Snowflake Inc.

Snowflake Inc. SNOW operates internationally, offering a cloud-based data platform that aids companies in data warehousing, data engineering, data lakes, data science, and more. This technology platform allows for secure and efficient data sharing and analytics, contributing to Snowflake's reputation as a key player in the data services industry.

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