Saying it had “nothing to hide,” the company behind Snapchat released an unredacted version of a lawsuit filed against it by a former employee that claims investors and advertisers were misled about usage data. Snap Inc. offered a blanket denial of the allegations in the lawsuit, brought in January by former employee Anthony Pompliano. Pompliano had redacted portions of the lawsuit that may have constituted Snap trade secrets, but he asked a judge last week to unseal it because of the public interest in the claims. Among the claims Pompliano makes is that Snap executives told unnamed people outside the company that 100 million people used its app each day. Snap did not go into specific detail about why it disputes other newly public passages containing Pompliano’s allegations.

Source: Los Angeles Times April 11, 2017 16:41 UTC