Snap's General Counsel to Depart by Year-End: Leadership Transition Amidst Flat Share Price

Snap announced the departure of its General Counsel, Michael O'Sullivan, by year-end, citing no organizational disagreements. Despite leadership changes, the company's flat price movement over the past week was unlikely to be impacted. The market remained stable, reacting more strongly to broader economic news such as interest rate speculations and the disappointing jobs report. Snap's shares have declined 20.07% over the past year, but analysts have set a consensus price target of $9.28, approximately 21.9% above the current share price.

Snap Inc. (NYSE: SNAP) is facing a securities class action lawsuit, with investors who purchased shares between April 29, 2025, and August 5, 2025, being encouraged to seek counsel before an October 20, 2025, deadline. The lawsuit alleges that Snap provided misleading statements about its advertising revenue and growth potential, leading to losses for investors [1][2].

The Rosen Law Firm, a global investor rights law firm, and Levi & Korsinsky, LLP, are both representing investors in the case. Rosen Law Firm has a track record of success in securities class actions, having secured hundreds of millions of dollars for investors and being ranked No. 1 by ISS Securities Class Action Services for number of settlements in 2017 [1]. Levi & Korsinsky has also secured significant recoveries for shareholders and has been ranked in the top 50 by ISS Securities Class Action Services [2].

Despite the ongoing legal action, analysts remain bullish on Snap's prospects. Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) has a consensus price target of $9.28, approximately 21.9% above the current share price. The company's estimated fair value is $43.52, suggesting it is potentially undervalued by 39% [3].

The departure of General Counsel Michael O'Sullivan by year-end is unlikely to impact Snap's flat price movement over the past week. The market's focus remains on broader economic news, such as interest rate speculations and the disappointing jobs report. Over the past year, Snap's shares have declined by 20.07%, but analysts maintain a bullish outlook, with a consensus price target of $9.28.

Investors who purchased Snap securities during the Class Period are encouraged to seek counsel before the October 20, 2025, deadline. There is no cost to participate in the class action, and investors may be entitled to compensation without payment of any out-of-pocket costs or fees [1][2].

References:
[1] https://www.globenewswire.com/news-release/2025/09/01/3142287/673/en/ROSEN-NATIONAL-INVESTOR-COUNSEL-Encourages-Snap-Inc-Investors-to-Secure-Counsel-Before-Important-Deadline-in-Securities-Class-Action-SNAP.html
[2] https://www.morningstar.com/news/pr-newswire/20250905ny66266/snap-inc-securities-fraud-class-action-lawsuit-pending-contact-levi-korsinsky-before-october-20-2025-to-discuss-your-rights-snap
[3] https://finance.yahoo.com/news/consensus-cloud-solutions-inc-nasdaq-161738956.html