Ibotta, Inc.(IBTA)
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Robbins LLP Reminds IBTA Stockholders with Large Losses to Contact the Law Firm for Information on Leading the Ibotta, Inc. Class Action
GlobeNewswire News Room· 2025-04-29 23:45
Core Viewpoint - A class action lawsuit has been filed against Ibotta, Inc. for allegedly misleading investors regarding the risks associated with its contracts, particularly with Kroger, which could be terminated at will [1][2][3] Group 1: Allegations and Legal Proceedings - Robbins LLP is investigating claims that Ibotta did not adequately disclose the at-will nature of its contract with Kroger, potentially misleading investors [2] - The complaint highlights that Ibotta's 2Q 2024 10-Q did not mention Kroger as a client, despite its inclusion in the Registration Statement, raising concerns about transparency [3] - Shareholders interested in participating in the class action must file their papers by June 16, 2025, to serve as lead plaintiff [4] Group 2: Company Performance - Since its IPO, Ibotta's stock has significantly declined, trading well below the initial offering price of $88.00 per share [3]
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Ibotta, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – IBTA
GlobeNewswire News Room· 2025-04-29 21:28
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Ibotta, Inc. (NYSE: IBTA) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Ibotta’s April 18, 2024 initial public offering (the “IPO”), of the important June 16, 2025 lead plaintiff deadline. SO WHAT: If you purchased Ibotta securities you may be entitled to compensation w ...
Investors who lost money on Ibotta, Inc. (IBTA) should contact Levi & Korsinsky about pending Class Action - IBTA
GlobeNewswire News Room· 2025-04-29 17:10
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Ibotta, Inc. ("Ibotta" or the "Company") (NYSE: IBTA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ibotta investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Ibotta securities pursuant and/or traceable to documents issued in connection with Ibotta ...
Ibotta, Inc. (IBTA) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-04-29 16:00
Core Viewpoint - Investors with significant losses in Ibotta, Inc. have the opportunity to lead a securities fraud class action lawsuit against the company due to undisclosed contract terms related to its clients [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that Ibotta failed to disclose critical information regarding its contracts, specifically that Kroger's contract was at-will, allowing for cancellation without warning [3]. - The complaint highlights that despite detailed explanations of the contract with Walmart, there was no warning about the at-will nature of the Kroger contract, leading to misleading statements about the company's business prospects [3]. Group 2: Participation Information - Investors who suffered losses in Ibotta are encouraged to contact the Law Offices of Howard G. Smith before June 16, 2025, to participate in the ongoing lawsuit [2][4]. - Individuals interested in learning more about the class action or their rights can reach out via email or phone, or visit the law firm's website [4][5].
IBTA Investors Have the Opportunity to Lead the Ibotta Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
GlobeNewswire News Room· 2025-04-29 15:16
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ibotta, Inc. due to alleged violations of federal securities laws related to misleading statements about its contract with Kroger and subsequent financial performance, leading to significant investor losses. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $100,000 in Ibotta to contact them for legal options [1] - The firm is investigating claims against Ibotta and reminds investors of the June 16, 2025 deadline to seek the role of lead plaintiff in a federal securities class action [3] - The complaint alleges that Ibotta and its executives made false statements and failed to disclose risks regarding their at-will contract with Kroger, which could be canceled without warning [5] Group 2: Financial Performance and Stock Impact - Ibotta conducted its IPO on April 13, 2024, offering 6.6 million shares at $88.00 each [6] - On August 13, 2024, Ibotta reported a net loss of $34.0 million for Q2 2024, with operating expenses more than doubling year-over-year, and provided a revenue forecast below consensus estimates [7] - Following the Q2 report, Ibotta's stock dropped by $15.53 per share, or 26%, closing at $42.66 on August 14, 2024 [8] - On February 26, 2025, Ibotta's shares fell by $29.08 per share, or 46%, closing at $34.01 after reporting Q4 earnings that missed expectations and provided weak guidance for Q1 2025 [8]
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Ibotta, Inc.(IBTA) Shareholders
Prnewswire· 2025-04-29 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Ibotta, Inc. due to alleged securities fraud related to its initial public offering on April 18, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased Ibotta securities and were negatively impacted by the alleged fraud [2]. - The complaint alleges that Ibotta failed to disclose the at-will nature of its contract with Kroger, which could allow Kroger to terminate the contract without notice [3]. - Ibotta provided detailed information about its contract with Walmart but did not adequately warn investors about the risks associated with the Kroger contract [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Ibotta have until June 16, 2025, to request to be appointed as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no costs or obligations for class members [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].
The Gross Law Firm Reminds Ibotta Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 16, 2025 – IBTA
GlobeNewswire News Room· 2025-04-28 16:31
NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Ibotta, Inc. (NYSE: IBTA). Shareholders who purchased shares of IBTA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/ibotta-loss-submission-form/?id=145070&from=3 CLASS PERIOD: This lawsuit is on behalf ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of June 16, 2025 in Ibotta Lawsuit - IBTA
Prnewswire· 2025-04-28 09:45
Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Ibotta, Inc. regarding potential misleading statements related to its contract with Kroger, which could have significant implications for investors [1][2]. Group 1: Allegations and Legal Context - The lawsuit alleges that Ibotta did not adequately disclose the risks associated with its at-will contract with Kroger, failing to inform investors that Kroger could terminate the contract without notice [2]. - Ibotta provided detailed information about its contract with Walmart but omitted critical warnings about the nature of the Kroger contract, which could lead to a major client leaving unexpectedly [2]. Group 2: Shareholder Actions and Deadlines - Shareholders who purchased Ibotta shares during the specified class period are encouraged to register for the class action, with a deadline set for June 16, 2025, to seek lead plaintiff status [3]. - Once registered, shareholders will receive updates through a portfolio monitoring system regarding the case's progress, with no cost or obligation to participate [3]. Group 3: Law Firm's Mission and Commitment - The Gross Law Firm aims to protect investors' rights against deceit and fraud, emphasizing the importance of responsible business practices and corporate citizenship [4]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that artificially inflated Ibotta's stock value [4].
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ibotta
GlobeNewswire News Room· 2025-04-26 13:53
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ibotta, Inc. due to alleged violations of federal securities laws related to misleading statements about its contract with Kroger and subsequent financial performance [3][5]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who suffered losses in Ibotta to discuss their legal options, particularly in light of a federal securities class action with a deadline of June 16, 2025 [3][10]. - The complaint alleges that Ibotta and its executives failed to disclose the at-will nature of their contract with Kroger, which could be terminated without notice, leading to investor losses when this information became public [5][7]. Group 2: Financial Performance and Stock Impact - Ibotta conducted its IPO on April 13, 2024, offering 6.6 million shares at $88.00 each [6]. - The company reported a net loss of $34.0 million for Q2 2024, with operating expenses more than doubling year-over-year, and provided a revenue forecast for Q3 2024 that fell below consensus estimates [7]. - Following disappointing financial results and guidance, Ibotta's stock price dropped significantly, falling 26% to $42.66 on August 14, 2024, and then 46% to $34.01 on February 27, 2025, after further negative earnings reports [8].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 16, 2025 in Ibotta Lawsuit - IBTA
Prnewswire· 2025-04-25 09:45
NEW YORK, April 25, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Ibotta, Inc. ("Ibotta" or the "Company") (NYSE: IBTA) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ibotta investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Ibotta securities pursuant and/or traceable to documents issued in connection with Ibotta's Ap ...