New Mexico Attorney General sues Snap over child safety allegations

Reuters03-11

New Mexico Attorney General sues Snap over child safety allegations

Portnoy Law said it has opened an investigation into possible securities fraud involving Snap and may file a class action on behalf of investors. The firm said Snap shares fell 27% to close at USD 9.36 on Aug. 2, 2024, following the company’s Aug. 1, 2024, second-quarter results and third-quarter revenue guidance. The firm also cited a New Mexico Attorney General announcement that the state’s Department of Justice filed a lawsuit alleging Snap’s product features and policies facilitate child sexual exploitation material and that the company misled the public about platform safety. More information is available at https://portnoylaw.com/snap-inc.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Snap Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603110000PRIMZONEFULLFEED9666279) on March 11, 2026, and is solely responsible for the information contained therein.

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