{"success":true,"data":{"pressRelease":{"id":"2988","rtpr_id":"nPn5gND97a","ticker":"SNOW","exchange":"NYSE","all_tickers":["SNOW"],"title":"SNOW INVESTOR NOTICE: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline on April 27, 2026","author":"PR Newswire","published_at":"2026-04-21T13:27:00.051Z","article_body":"SNOW INVESTOR NOTICE: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline on April 27, 2026\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=57121150&u=https%3A%2F%2Fwww.faruqilaw.com%2Fattorney%2F22%2Fjames-m-wilson-jr&a=James+(Josh)+Wilson)\nEncourages Investors Who Suffered Losses In Snowflake To Contact Him Directly\nTo Discuss Their Options\n\nIf you purchased or acquired securities in Snowflake\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=3735530099&u=https%3A%2F%2Fwww.faruqilaw.com%2FSNOW&a=Snowflake)\nbetween June 27, 2023 and February 28, 2024 and would like to discuss your\nlegal rights, call Faruqi & Faruqi partner Josh Wilson directly at\n877-247-4292 or 212-983-9330 (Ext. 1310).\n\n[You may also click here for additional information]\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=1706526131&u=https%3A%2F%2Fwww.faruqilaw.com%2FSNOW&a=%5BYou+may+also+click+here+for+additional+information%5D)\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- Faruqi & Faruqi, LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=3966210540&u=https%3A%2F%2Fwww.faruqilaw.com%2F&a=Faruqi+%26+Faruqi%2C+LLP)\n, a leading national securities law firm, is investigating potential claims\nagainst Snowflake Inc. (\"Snowflake\" or the \"Company\") (NYSE: SNOW) and reminds\ninvestors of the April 27, 2026 deadline to seek the role of lead plaintiff in\na federal securities class action that has been filed against the Company.\n\n(https://mma.prnewswire.com/media/2457438/Faruqi_Logo.html)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in\nNew York, Pennsylvania, California and Georgia. The firm has recovered\nhundreds of millions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=4075634660&u=https%3A%2F%2Fwww.faruqilaw.com%2F&a=www.faruqilaw.com)\n.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) product efficiency gains, Iceberg Tables\nand tiered storage pricing were expected to have a material negative impact on\nconsumption and revenues, and (2) as a result, Defendants' positive statements\nabout consumption patterns, revenues, and demand for Snowflake products lacked\na reasonable basis.\n\nOn February 28, 2024, Snowflake shocked investors when, after the market\nclosed, the Company issued a press release and filed a report with the SEC on\nForm 8-K that disclosed its financial results for the quarter ended January\n31, 2024 and full fiscal year 2024. On that same day, during a conference call\nwith investors and analysts after the disclosure of Snowflake's financial\nresults, Defendant Scarpelli stated that they were forecasting increased\nrevenue headwinds associated with product efficiency gains, tiered storage\npricing and the expectation that some of their customers will leverage Iceberg\nTables for their storage. On that same day, Snowflake also issued a press\nrelease and filed a report with the SEC on Form 8-K that disclosed that\neffective February 27, 2024, Frank Slootman retired as Chief Executive Officer\nof Snowflake Inc.\n\nOn this news, the price of Snowflake's Class A common stock declined $41.72,\nor 18.14%, from a closing price of $230.00 per share on February 28, 2024, to\nclose at $188.28 per share on February 29, 2024.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nSnowflake's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the Snowflake class action, go to www.faruqilaw.com/SNOW\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=1386325850&u=https%3A%2F%2Fwww.faruqilaw.com%2FSNOW&a=www.faruqilaw.com%2FSNOW)\nor call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=4177670143&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffaruqi-%26-faruqi-llp%2F&a=LinkedIn)\n, on X\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=2169273039&u=https%3A%2F%2Fx.com%2Ffaruqilaw&a=X)\n, or on Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=862373522&u=https%3A%2F%2Fwww.facebook.com%2FFaruqiLaw%2F&a=Facebook)\n.\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=960015223&u=http%3A%2F%2Fwww.faruqilaw.com%2F&a=www.faruqilaw.com)\n). Prior results do not guarantee or predict a similar outcome with respect to\nany future matter. We welcome the opportunity to discuss your particular case.\nAll communications will be treated in a confidential manner.\n\n(https://mma.prnewswire.com/media/2745617/Faruqi__Faruqi_LLP_James_Josh_Wilson.html)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/snow-investor-notice-faruqi--faruqi-llp-reminds-snowflake-snow-investors-of-securities-class-action-deadline-on-april-27-2026-302748298.html\n(https://www.prnewswire.com/news-releases/snow-investor-notice-faruqi--faruqi-llp-reminds-snowflake-snow-investors-of-securities-class-action-deadline-on-april-27-2026-302748298.html)\n\nSOURCE Faruqi & Faruqi, LLP\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2457438/Faruqi_Logo.jpg\nhttps://mma.prnewswire.com/media/2745617/Faruqi__Faruqi_LLP_James_Josh_Wilson.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5gND97a","title":"SNOW INVESTOR NOTICE: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline on April 27, 2026","author":"PR Newswire","ticker":"SNOW","created":"2026-04-21T13:27:00.051Z","tickers":["SNOW"],"exchange":"NYSE","article_body":"SNOW INVESTOR NOTICE: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline on April 27, 2026\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=57121150&u=https%3A%2F%2Fwww.faruqilaw.com%2Fattorney%2F22%2Fjames-m-wilson-jr&a=James+(Josh)+Wilson)\nEncourages Investors Who Suffered Losses In Snowflake To Contact Him Directly\nTo Discuss Their Options\n\nIf you purchased or acquired securities in Snowflake\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=3735530099&u=https%3A%2F%2Fwww.faruqilaw.com%2FSNOW&a=Snowflake)\nbetween June 27, 2023 and February 28, 2024 and would like to discuss your\nlegal rights, call Faruqi & Faruqi partner Josh Wilson directly at\n877-247-4292 or 212-983-9330 (Ext. 1310).\n\n[You may also click here for additional information]\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=1706526131&u=https%3A%2F%2Fwww.faruqilaw.com%2FSNOW&a=%5BYou+may+also+click+here+for+additional+information%5D)\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- Faruqi & Faruqi, LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=3966210540&u=https%3A%2F%2Fwww.faruqilaw.com%2F&a=Faruqi+%26+Faruqi%2C+LLP)\n, a leading national securities law firm, is investigating potential claims\nagainst Snowflake Inc. (\"Snowflake\" or the \"Company\") (NYSE: SNOW) and reminds\ninvestors of the April 27, 2026 deadline to seek the role of lead plaintiff in\na federal securities class action that has been filed against the Company.\n\n(https://mma.prnewswire.com/media/2457438/Faruqi_Logo.html)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in\nNew York, Pennsylvania, California and Georgia. The firm has recovered\nhundreds of millions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=4075634660&u=https%3A%2F%2Fwww.faruqilaw.com%2F&a=www.faruqilaw.com)\n.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) product efficiency gains, Iceberg Tables\nand tiered storage pricing were expected to have a material negative impact on\nconsumption and revenues, and (2) as a result, Defendants' positive statements\nabout consumption patterns, revenues, and demand for Snowflake products lacked\na reasonable basis.\n\nOn February 28, 2024, Snowflake shocked investors when, after the market\nclosed, the Company issued a press release and filed a report with the SEC on\nForm 8-K that disclosed its financial results for the quarter ended January\n31, 2024 and full fiscal year 2024. On that same day, during a conference call\nwith investors and analysts after the disclosure of Snowflake's financial\nresults, Defendant Scarpelli stated that they were forecasting increased\nrevenue headwinds associated with product efficiency gains, tiered storage\npricing and the expectation that some of their customers will leverage Iceberg\nTables for their storage. On that same day, Snowflake also issued a press\nrelease and filed a report with the SEC on Form 8-K that disclosed that\neffective February 27, 2024, Frank Slootman retired as Chief Executive Officer\nof Snowflake Inc.\n\nOn this news, the price of Snowflake's Class A common stock declined $41.72,\nor 18.14%, from a closing price of $230.00 per share on February 28, 2024, to\nclose at $188.28 per share on February 29, 2024.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nSnowflake's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the Snowflake class action, go to www.faruqilaw.com/SNOW\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=1386325850&u=https%3A%2F%2Fwww.faruqilaw.com%2FSNOW&a=www.faruqilaw.com%2FSNOW)\nor call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=4177670143&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffaruqi-%26-faruqi-llp%2F&a=LinkedIn)\n, on X\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=2169273039&u=https%3A%2F%2Fx.com%2Ffaruqilaw&a=X)\n, or on Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=862373522&u=https%3A%2F%2Fwww.facebook.com%2FFaruqiLaw%2F&a=Facebook)\n.\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668781-1&h=960015223&u=http%3A%2F%2Fwww.faruqilaw.com%2F&a=www.faruqilaw.com)\n). Prior results do not guarantee or predict a similar outcome with respect to\nany future matter. We welcome the opportunity to discuss your particular case.\nAll communications will be treated in a confidential manner.\n\n(https://mma.prnewswire.com/media/2745617/Faruqi__Faruqi_LLP_James_Josh_Wilson.html)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/snow-investor-notice-faruqi--faruqi-llp-reminds-snowflake-snow-investors-of-securities-class-action-deadline-on-april-27-2026-302748298.html\n(https://www.prnewswire.com/news-releases/snow-investor-notice-faruqi--faruqi-llp-reminds-snowflake-snow-investors-of-securities-class-action-deadline-on-april-27-2026-302748298.html)\n\nSOURCE Faruqi & Faruqi, LLP\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2457438/Faruqi_Logo.jpg\nhttps://mma.prnewswire.com/media/2745617/Faruqi__Faruqi_LLP_James_Josh_Wilson.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-21T13:27:00.119438494Z","server_sent_at_ms":1776778020119},"received_at":"2026-04-21T13:27:00.175Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}