Snowflake, Inc.

This docket consolidates claims arising from a 2024 data security incident involving Snowflake, a cloud data-warehousing platform used by numerous large companies to store customer data, in which attackers used stolen credentials to access customer data stored in Snowflake environments that lacked additional authentication protections, affecting a substantial number of downstream companies' customers across multiple industries. Centralized in the District of Montana, the docket carries 72 pending actions, again presenting the vendor/platform-breach structure common to several dockets in this category.

For a funder, this is another instance where claim-specific diligence must identify which downstream company's Snowflake-stored customer data was implicated for a given claimant, since the affected population spans customers of multiple, unrelated companies that each independently used the platform, and each downstream company's own security configuration (specifically, whether additional authentication protections were enabled) may be a relevant factor in that company's own potential liability alongside Snowflake's platform-level security posture.

As a data-exposure matter, medical-lien considerations do not apply. For a claimant group or firm with claims tied to a specific downstream company affected through its Snowflake environment, Criterica Capital's commercial litigation finance line is the applicable structure, with diligence focused on that specific downstream relationship and the security posture attributable to each party. A structural brief on this docket is available through Criterica Intelligence.

Pre-settlement funding is a non-recourse purchase of a portion of the proceeds of a pending legal claim — not a loan. If the case does not result in a recovery, nothing is owed. Rates, fees, and repayment terms are disclosed in full in the funding agreement, which the applicant’s attorney reviews before signing. Availability and terms vary by state.