{"success":true,"data":{"pressRelease":{"id":"2937","rtpr_id":"nPn5KtbvSa","ticker":"SNOW","exchange":"NYSE","all_tickers":["SNOW"],"title":"SNOW Shareholder Alert: Snowflake Inc. Securities Class Action Lawsuit Investors With Losses May Join -- The Gross Law Firm","author":"PR Newswire","published_at":"2026-04-21T13:00:46.801Z","article_body":"SNOW Shareholder Alert: Snowflake Inc. Securities Class Action Lawsuit Investors With Losses May Join -- The Gross Law Firm\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- The Gross Law Firm issues the\nfollowing notice to shareholders of Snowflake Inc. (NYSE: SNOW).\n\n(https://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.html)\n\nShareholders who purchased shares of SNOW during the class period listed are\nencouraged to contact the firm regarding possible lead plaintiff appointment.\nAppointment as lead plaintiff is not required to partake in any recovery.\n\nCONTACT US HERE:\n\nhttps://securitiesclasslaw.com/securities/snowflake-inc-loss-submission-form/?id=185672&from=4\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668631-5&h=2298062986&u=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fsnowflake-inc-loss-submission-form%2F%3Fid%3D185672%26from%3D4&a=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fsnowflake-inc-loss-submission-form%2F%3Fid%3D185672%26from%3D4)\n \n\nCLASS PERIOD: June 27, 2023 to February 28, 2024\n\nALLEGATIONS: The complaint alleges that during the class period, Defendants\nissued materially false and/or misleading statements and/or failed to disclose\nthat: (1) product efficiency gains, Iceberg Tables, an open-source table\nformat for large datasets that allow customers to store data in their own\ncloud, and tiered storage pricing were expected to have a material negative\nimpact on consumption and revenues, and (2) as a result, defendants' positive\nstatements about consumption patterns, revenues, and demand for Snowflake\nproducts lacked a reasonable basis.\n\nDEADLINE: April 27, 2026 Shareholders should not delay in registering for this\nclass action. Register your information here:\nhttps://securitiesclasslaw.com/securities/snowflake-inc-loss-submission-form/?id=185672&from=4\n(https://securitiesclasslaw.com/securities/snowflake-inc-loss-submission-form/?id=185672&from=4)\n\nNEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased\nshares of SNOW during the timeframe listed above, you will be enrolled in a\nportfolio monitoring software to provide you with status updates throughout\nthe lifecycle of the case. The deadline to seek to be a lead plaintiff is\nApril 27, 2026. There is no cost or obligation to you to participate in this\ncase.\n\nWHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action\nlaw firm, and our mission is to protect the rights of all investors who have\nsuffered as a result of deceit, fraud, and illegal business practices. The\nGross Law Firm is committed to ensuring that companies adhere to responsible\nbusiness practices and engage in good corporate citizenship. The firm seeks\nrecovery on behalf of investors who incurred losses when false and/or\nmisleading statements or the omission of material information by a company\nlead to artificial inflation of the company's stock. Attorney advertising.\nPrior results do not guarantee similar outcomes.\n\nCONTACT:\nThe Gross Law Firm\n15 West 38th Street, 12th floor\nNew York, NY, 10018\nEmail: dg@securitiesclasslaw.com (mailto:dg@securitiesclasslaw.com)\nPhone: (646) 453-8903\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/snow-shareholder-alert-snowflake-inc-securities-class-action-lawsuit-investors-with-losses-may-join--the-gross-law-firm-302748240.html\n(https://www.prnewswire.com/news-releases/snow-shareholder-alert-snowflake-inc-securities-class-action-lawsuit-investors-with-losses-may-join--the-gross-law-firm-302748240.html)\n\nSOURCE The Gross Law Firm\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5KtbvSa","title":"SNOW Shareholder Alert: Snowflake Inc. Securities Class Action Lawsuit Investors With Losses May Join -- The Gross Law Firm","author":"PR Newswire","ticker":"SNOW","created":"2026-04-21T13:00:46.801Z","tickers":["SNOW"],"exchange":"NYSE","article_body":"SNOW Shareholder Alert: Snowflake Inc. Securities Class Action Lawsuit Investors With Losses May Join -- The Gross Law Firm\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- The Gross Law Firm issues the\nfollowing notice to shareholders of Snowflake Inc. (NYSE: SNOW).\n\n(https://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.html)\n\nShareholders who purchased shares of SNOW during the class period listed are\nencouraged to contact the firm regarding possible lead plaintiff appointment.\nAppointment as lead plaintiff is not required to partake in any recovery.\n\nCONTACT US HERE:\n\nhttps://securitiesclasslaw.com/securities/snowflake-inc-loss-submission-form/?id=185672&from=4\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668631-5&h=2298062986&u=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fsnowflake-inc-loss-submission-form%2F%3Fid%3D185672%26from%3D4&a=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Fsnowflake-inc-loss-submission-form%2F%3Fid%3D185672%26from%3D4)\n \n\nCLASS PERIOD: June 27, 2023 to February 28, 2024\n\nALLEGATIONS: The complaint alleges that during the class period, Defendants\nissued materially false and/or misleading statements and/or failed to disclose\nthat: (1) product efficiency gains, Iceberg Tables, an open-source table\nformat for large datasets that allow customers to store data in their own\ncloud, and tiered storage pricing were expected to have a material negative\nimpact on consumption and revenues, and (2) as a result, defendants' positive\nstatements about consumption patterns, revenues, and demand for Snowflake\nproducts lacked a reasonable basis.\n\nDEADLINE: April 27, 2026 Shareholders should not delay in registering for this\nclass action. Register your information here:\nhttps://securitiesclasslaw.com/securities/snowflake-inc-loss-submission-form/?id=185672&from=4\n(https://securitiesclasslaw.com/securities/snowflake-inc-loss-submission-form/?id=185672&from=4)\n\nNEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased\nshares of SNOW during the timeframe listed above, you will be enrolled in a\nportfolio monitoring software to provide you with status updates throughout\nthe lifecycle of the case. The deadline to seek to be a lead plaintiff is\nApril 27, 2026. There is no cost or obligation to you to participate in this\ncase.\n\nWHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action\nlaw firm, and our mission is to protect the rights of all investors who have\nsuffered as a result of deceit, fraud, and illegal business practices. The\nGross Law Firm is committed to ensuring that companies adhere to responsible\nbusiness practices and engage in good corporate citizenship. The firm seeks\nrecovery on behalf of investors who incurred losses when false and/or\nmisleading statements or the omission of material information by a company\nlead to artificial inflation of the company's stock. Attorney advertising.\nPrior results do not guarantee similar outcomes.\n\nCONTACT:\nThe Gross Law Firm\n15 West 38th Street, 12th floor\nNew York, NY, 10018\nEmail: dg@securitiesclasslaw.com (mailto:dg@securitiesclasslaw.com)\nPhone: (646) 453-8903\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/snow-shareholder-alert-snowflake-inc-securities-class-action-lawsuit-investors-with-losses-may-join--the-gross-law-firm-302748240.html\n(https://www.prnewswire.com/news-releases/snow-shareholder-alert-snowflake-inc-securities-class-action-lawsuit-investors-with-losses-may-join--the-gross-law-firm-302748240.html)\n\nSOURCE The Gross Law Firm\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-21T13:00:46.851983227Z","server_sent_at_ms":1776776446851},"received_at":"2026-04-21T13:00:46.908Z","source_url":"https://www.prnewswire.com/news-releases/snow-shareholder-alert-snowflake-inc-securities-class-action-lawsuit-investors-with-losses-may-join--the-gross-law-firm-302748240.html"},"analysis":{"id":"1902","press_release_id":"2937","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":["Allegations that positive statements about consumption and demand lacked a reasonable basis","Class action lawsuit alleges undisclosed negative revenue impact from product efficiency gains"],"eventType":"legal_litigation","narrative":"The Gross Law Firm announced a class action lawsuit against Snowflake Inc., alleging the company made misleading statements regarding consumption and revenue trends.\n\nThe complaint claims defendants failed to disclose that product efficiency gains and tiered storage pricing were expected to negatively impact revenues.\n\nThe class period spans from June 27, 2023 to February 28, 2024, with a deadline of April 27, 2026 for shareholders to seek lead plaintiff status.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Generic class action alert alleging misleading guidance regarding product efficiency impact on revenue."},"keyFigures":{"customDimensions":{"class_period_end":"February 28, 2024","class_period_start":"June 27, 2023","lead_plaintiff_deadline":"April 27, 2026"}},"quotedText":"product efficiency gains, Iceberg Tables, an open-source table format for large datasets that allow customers to store data in their own cloud, and tiered storage pricing were expected to have a material negative impact on consumption and revenues","namedEntities":{"people":[],"products":["Iceberg Tables"],"companies":[{"name":"Snowflake Inc.","ticker":"SNOW"},{"name":"The Gross Law Firm","relationship":"plaintiff counsel"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Routine class action solicitation from a plaintiff's firm alleging securities fraud. No settlement amounts or court rulings announced yet."},"tickerRelevance":{"others":[],"primary":"SNOW"},"eventTypeSecondary":[]},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"bearish","material_impact_score":2,"narrative":"The Gross Law Firm announced a class action lawsuit against Snowflake Inc., alleging the company made misleading statements regarding consumption and revenue trends.\n\nThe complaint claims defendants failed to disclose that product efficiency gains and tiered storage pricing were expected to negatively impact revenues.\n\nThe class period spans from June 27, 2023 to February 28, 2024, with a deadline of April 27, 2026 for shareholders to seek lead plaintiff status.","key_figures":{"customDimensions":{"class_period_end":"February 28, 2024","class_period_start":"June 27, 2023","lead_plaintiff_deadline":"April 27, 2026"}},"named_entities":{"people":[],"products":["Iceberg Tables"],"companies":[{"name":"Snowflake Inc.","ticker":"SNOW"},{"name":"The Gross Law Firm","relationship":"plaintiff counsel"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-21T18:39:42.228Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.451Z"}},"durationMs":54024,"modelName":"glm-4.7"}}