SAN DIEGO, March 10, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023 and the close of market on February 28, 2024 (4:00 p.m. EST), inclusive (the “Class Period”), have until April 27, 2026 to seek appointment as lead plaintiff of the Snowflake class action lawsuit. Captioned Patel v. Snowflake Inc., No. 26-cv-01613 (N.D. Cal.), the Snowflake class action lawsuit charges Snowflake and certain of Snowflake’s former top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Snowflake class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-snowflake-class-action-lawsuit-snow.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.
CASE ALLEGATIONS: Snowflake provides a cloud-based data platform for various organizations.
The Snowflake class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) product efficiency gains, Iceberg Tables, and tiered storage pricing were expected to have a material negative impact on consumption and revenues; and (ii) the headwinds caused by product efficiency gains, Iceberg Tables, and tiered storage pricing put Snowflake’s ability to reach $10 billion in revenue and product revenue in 2029 in doubt.
The Snowflake class action lawsuit further alleges that on February 28, 2024, Snowflake announced its financial results for the quarter ended January 31, 2024, and full fiscal year 2024, disclosing that Snowflake was forecasting increased revenue headwinds associated with product efficiency gains, tiered storage pricing, and the expectation that some of Snowflake’s customers will leverage Iceberg Tables for their storage. On this news, the price of Snowflake Class A common stock fell more than 18%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Snowflake Class A common stock during the Class Period to seek appointment as lead plaintiff in the Snowflake class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Snowflake investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Snowflake shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Snowflake class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Past results do not guarantee future outcomes.
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Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com
