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The DJS Law Group has reminded investors of a class action lawsuit against Snowflake Inc. (“Snowflake” or “the Company,” NYSE: SNOW) alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of SNOW during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to participate in any recovery.
Class period: June 27, 2023 to February 28, 2024
Deadline: April 27, 2026
Case details: According to the complaint, the company made false and misleading statements to the market. The complaint alleges that Snowflake’s pricing changes and customer efficiency gains threatened its consumption levels and revenues. It further alleges that the company continued to make positive claims about its future performance despite these challenges, and that Snowflake’s public statements were false and materially misleading throughout the class period.
If a shareholder suffered a loss, the firm states that they can contact DJS Law Group to participate in the matter.
DJS Law Group states that its focus is to enhance investor return through “balanced counseling and aggressive advocacy,” and that it specializes in securities class actions, corporate governance litigation, and domestic/international M&A appraisals.
This press release may be considered attorney advertising in some jurisdictions under applicable law and rules of ethics.
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [redacted]

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