Investors File Class Action Lawsuits Against Nextdoor and Snowflake

The lawsuits allege misleading statements and failure to disclose critical information, with a lead plaintiff deadline of April 29, 2024.

Class action lawsuits have been filed against Nextdoor Holdings, Inc. and Snowflake Inc., with lead plaintiff deadlines set for April 29, 2024.
The lawsuits allege that both companies made false and/or misleading statements and/or failed to disclose important information to investors.
Nextdoor is accused of inflating its financial results prior to its merger and misrepresenting its total addressable market and user monetization capabilities.
Snowflake is alleged to have oversold capacity to customers and provided unsustainable discounts prior to its IPO, misleading investors about its revenue and profit margins.
Investors who suffered losses are encouraged to join the class action lawsuits to potentially recover damages.