Attention Long-Term Shareholders of Snowflake Inc. (SNOW): Grabar Law Office Investigates Claims on Your Behalf

Philadelphia, Pennsylvania--(Newsfile Corp. - May 1, 2024) - Current Snowflake Inc. (NYSE: SNOW) shareholders who have held Snowflake shares since on or near the company's IPO date of September 16, 2020, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. Click here https://grabarlaw.com/the-latest/snowflake-shareholder-investigation/ to learn more or join.

Grabar Law Office is investigating claims on behalf of long-term Snowflake shareholders. The investigation concerns whether certain officers and directors of Snowflake have breached their fiduciary duties owed to the company.

Why: A recently filed securities fraud class action complaint alleges that Snowflake, via certain of its officers and directors, made false and/or misleading statements and/or failed to disclose that: (i) Snowflake had systematically oversold capacity to customers which created a misleading appearance of the demand for Snowflake's products and services; (ii) Snowflake had provided significant discounts to its customers prior to its initial public offering ("IPO") that temporarily boosted sales but would not be sustainable after the IPO and/or necessitate platform efficiency adjustments that negatively impacted client consumption and Snowflake's revenue and profit margins; (iii) as a result, Snowflake's customers were poised to roll over a material amount of unused credits (and thereby cannibalize future sales) at the end of their contracts' terms or to refuse to renew their contracts at prior consumption levels or at all; and (iv) consequently, Snowflake's product revenue and remaining performance obligations had been artificially inflated.

What You Can Do: Current Snowflake shareholders who have held Snowflake shares since on or near the company's IPO date of September 16, 2020, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever and are encouraged to visit https://grabarlaw.com/the-latest/snowflake-shareholder-investigation/, or contact Joshua Grabar at jgrabar@grabarlaw.com or Mia Heller at mheller@grabarlaw.com, or call us at 267-507-6085.

#Snowflake $SNOW

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

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