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Events / Business / Snowflake Inc. Securities Fraud Lawsuit
Business class action

Snowflake Inc. Securities Fraud Lawsuit

Analysis based on 58 articles · First reported Apr 02, 2026 · Last updated Apr 25, 2026

Sentiment
-30
Attention
4
Articles
58
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The class action lawsuit against Snowflake Inc. could negatively impact its stock price and reputation due to allegations of misleading statements. Investors who purchased Snowflake Inc. stock during the Class Period may be entitled to compensation, potentially affecting the company's financial outlook.

Software Legal Services
Event Summary

Rosen Law Firm, a global investor rights law firm, has filed a class action lawsuit against Snowflake Inc. (NYSE: SNOW) on behalf of purchasers of its Class A common stock between June 27, 2023, and February 28, 2024. The lawsuit alleges that Snowflake Inc. made false and misleading statements regarding its business, specifically failing to disclose that product efficiency gains, Iceberg Tables, and tiered storage pricing were expected to negatively impact consumption and revenues. The firm, along with attorneys Lawrence Rosen and Philip Kim, is encouraging investors to join the class action before the lead plaintiff deadline of April 27, 2026. The The Schall Law Firm has also reminded investors of the lawsuit and encouraged participation.

Entities Involved
per
Michael Scarpelli
Michael Scarpelli, Chief Financial Officer of Snowflake Inc., made statements regarding anticipated revenue headwinds that are central to the allegations of securities fraud.
Importance 60.0 Sentiment -30.0
stock
Snowflake Inc.
Importance 0.0 Sentiment 0.0
priv
Pomerantz LLP
Importance 0.0 Sentiment 0.0
priv
Rosen Law Firm
Importance 0.0 Sentiment 0.0
per
Philip Kim
Importance 0.0 Sentiment 0.0
per
Lawrence Rosen
Importance 0.0 Sentiment 0.0
priv
The Schall Law Firm
Importance 0.0 Sentiment 0.0
per
Brian Schall
Importance 0.0 Sentiment 0.0
govactor
United States — United States Securities and Exchange Commission
Importance 0.0 Sentiment 0.0
Relationships
Pomerantz LLP competitor ↔ Rosen Law Firm Pomerantz LLP is a direct competitor to Rosen Law Firm, with both firms frequently vying to represent shareholders as le
Pomerantz LLP related ↔ Philip Kim
Pomerantz LLP related ↔ Lawrence Rosen
Pomerantz LLP competitor ↔ The Schall Law Firm Pomerantz LLP competes directly with The Schall Law Firm to secure lead plaintiff and counsel status in securities fraud
Pomerantz LLP related ↔ Brian Schall
Pomerantz LLP related ↔ United States — United States Securities and Exchange Commission
Rosen Law Firm related ↔ Philip Kim
Rosen Law Firm related ↔ Lawrence Rosen
Rosen Law Firm competitor ↔ The Schall Law Firm Rosen Law Firm operates as a direct competitor to The Schall Law Firm, with both practices frequently competing to repre
Rosen Law Firm related ↔ Brian Schall
Rosen Law Firm none ↔ United States — United States Securities and Exchange Commission Rosen Law Firm has no direct structural or regulatory relationship with the SEC. The firm's connection to the agency is
Philip Kim attorney ↔ Lawrence Rosen Philip Kim is an attorney at the Rosen Law Firm, working under the direction of founding partner Lawrence Rosen. Kim fre
Philip Kim peer ↔ The Schall Law Firm Philip Kim is an attorney at Rosen Law Firm, which operates in the same shareholder litigation space as The Schall Law F
Philip Kim competitor ↔ Brian Schall Philip Kim is an attorney at Rosen Law Firm who regularly competes against Brian Schall for clients in major securities
Philip Kim unaffiliated ↔ United States — United States Securities and Exchange Commission Philip Kim is a private attorney whose securities class action lawsuits cite SEC regulations, but he holds no direct rel
+ 6 more relationships View on Dashboard
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