SNOW Investors Urged to Join Snowflake Securities Fraud Lawsuit

The Schall Law Firm reminds investors of a class action lawsuit against Snowflake Inc. for violations of securities laws.

Mar. 13, 2026 at 3:13pm

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The Schall Law Firm, a national shareholder rights litigation firm, is reminding investors of a class action lawsuit against Snowflake Inc. for violations of federal securities laws. The lawsuit covers a class period from June 27, 2023 to February 28, 2024, and investors who purchased Snowflake securities during this time are encouraged to contact the firm to participate in the case.

Why it matters

This lawsuit alleges that Snowflake made false and misleading statements to the market about its tiered storage pricing and customer efficiency gains, which were likely to have a negative impact on revenues and consumption. The case aims to recover losses for investors who suffered damages when the truth about Snowflake's business came to light.

The details

The Schall Law Firm claims Snowflake's positive comments about customer demand and potential revenues were not based in reality, and the company's public statements were false and misleading throughout the class period. Investors who purchased Snowflake securities between June 27, 2023 and February 28, 2024 are encouraged to join the lawsuit before the April 27, 2026 deadline.

  • The class period for the lawsuit is from June 27, 2023 to February 28, 2024.
  • The deadline for investors to join the lawsuit is April 27, 2026.

The players

Schall Law Firm

A national shareholder rights litigation firm that is representing investors in the class action lawsuit against Snowflake Inc.

Snowflake Inc.

A cloud-based data warehousing company that is the defendant in the securities fraud lawsuit.

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What they’re saying

“We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.”

— Brian Schall, Attorney, Schall Law Firm (Press Release)

What’s next

The judge will decide on class certification by April 27, 2026, after which investors will be represented by an attorney if they choose to join the lawsuit.

The takeaway

This lawsuit highlights the importance of transparency and accuracy in public company disclosures, as investors rely on this information to make informed decisions. The outcome of this case could have broader implications for the cloud computing industry and set precedents for future securities fraud claims.