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IBTA Investors Have Final Opportunity to Lead Ibotta, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-06-16 13:04
Core Viewpoint - A class action lawsuit has been filed against Ibotta, Inc. for violations of federal securities laws related to misleading statements made during its IPO process [1][4]. Group 1: Lawsuit Details - The Schall Law Firm has announced the filing of a class action lawsuit against Ibotta, Inc. for alleged violations of federal securities laws [1]. - Investors who purchased Ibotta's securities during its IPO on April 18, 2024, are encouraged to contact the firm for participation in the lawsuit [2]. - The lawsuit claims that Ibotta made false and misleading statements regarding its contract with The Kroger Co., failing to disclose that the contract was at-will and could be canceled without warning [4]. Group 2: Investor Impact - The complaint states that Ibotta's public statements were materially misleading, leading to investor damages when the truth about the company's situation was revealed [4]. - By August, Ibotta did not list Kroger as a major customer in its SEC filings, further indicating a lack of transparency [4].
Shareholders that lost money on Ibotta, Inc.(IBTA) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-06-16 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ibotta, Inc. regarding a class action lawsuit related to misleading statements about the risks associated with Ibotta's contract with Kroger [1][2]. Allegations - The complaint alleges that Ibotta failed to properly disclose the at-will nature of its contract with Kroger, which could allow Kroger to terminate the contract without warning. This omission is seen as a significant risk that was not communicated to investors [2]. Class Action Details - The class period for the lawsuit pertains to shares purchased during Ibotta's initial public offering on April 18, 2024. Shareholders are encouraged to register for participation in the class action by the deadline of June 16, 2025 [1][3]. - Once registered, shareholders will receive updates on the case through a portfolio monitoring software [3]. Law Firm Background - The Gross Law Firm is recognized for its commitment to protecting investors' rights and ensuring companies adhere to responsible business practices. The firm aims to recover losses for investors caused by misleading statements or omissions that led to inflated stock prices [4].
IBTA FINAL DEADLINE: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Ibotta, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 16 Deadline in Securities Class Action First Filed by the Firm – IBTA
GlobeNewswire News Room· 2025-06-15 14:46
Core Viewpoint - Rosen Law Firm is reminding purchasers of Ibotta, Inc. securities about a class action lawsuit related to the company's initial public offering and subsequent performance issues, with a lead plaintiff deadline set for June 16, 2025 [1][3]. Group 1: Class Action Details - Investors who purchased Ibotta securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm [3][6]. - The lawsuit claims that Ibotta made false or misleading statements regarding its business operations and financial health, which led to investor damages when the truth was revealed [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4].
Shareholders of Ibotta, Inc. Should Contact Levi & Korsinsky Before June 16, 2025 to Discuss Your Rights – IBTA
GlobeNewswire News Room· 2025-06-13 17:18
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]. Class Definition - The lawsuit aims to recover losses for investors who purchased Ibotta securities linked to the company's IPO [2]. Case Details - The complaint alleges that Ibotta made false statements and failed to disclose the risks associated with its contract with Kroger, specifically that the contract was at-will, allowing Kroger to terminate it without notice [3]. - Ibotta provided detailed information about its contract with Walmart but did not mention the at-will nature of the Kroger contract, misleading investors about the potential risk of losing a major client [3]. Next Steps - Investors who suffered losses in Ibotta have until June 16, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [5].
Ibotta, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - IBTA
Prnewswire· 2025-06-13 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 risks associated with its contract with Kroger, specifically that the contract was at-will, allowing Kroger to terminate it without notice [3]. - Ibotta provided detailed information about its contract with Walmart but did not mention the at-will nature of the Kroger contract, misleading investors about the stability of its client relationships [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 to participate [4]. Group 3: Law 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].
Class Action Filed Against Ibotta, Inc. (IBTA) - June 16, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-06-12 17:05
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ibotta, Inc. regarding a class action lawsuit related to misleading statements about the company's contract with Kroger, which could have significant implications for investors [1][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of individuals or entities that purchased Ibotta securities during the class period linked to the company's initial public offering on April 18, 2024 [3]. - Allegations include that Ibotta failed to disclose the at-will nature of its contract with Kroger, which could allow the client to terminate the agreement without notice, posing a risk to investors [4]. - The deadline for shareholders to register for the class action is June 16, 2025, and participation does not require appointment as lead plaintiff [5]. Group 2: Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit and fraud, emphasizing the importance of responsible business practices [6]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to inflated stock prices [6].
MONDAY INVESTOR DEADLINE: Ibotta, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - IBTA
Prnewswire· 2025-06-12 14:40
Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its initial public offering (IPO), with allegations of misleading information in its offering documents [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Fortune v. Ibotta, Inc., claims that Ibotta and its executives, along with IPO underwriters, violated the Securities Act of 1933 [1][3]. - Investors who purchased Ibotta securities during the IPO on April 18, 2024, have until June 16, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lawsuit alleges that Ibotta failed to disclose significant risks regarding its contract with The Kroger Co., including the at-will nature of the contract, which could allow Kroger to terminate it without notice [3][4]. Group 2: Financial Impact - Ibotta sold 2.5 million shares at $88.00 per share during its IPO, but as of April 17, 2025, the securities have traded significantly lower than the IPO price [2][4]. - The complaint indicates that the misleading information in the IPO documents has contributed to substantial losses for investors [2][3]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading law firm in securities fraud litigation [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in securities-related class action cases in 2024 alone [6].
Ibotta, Inc. Class Action: The Gross Law Firm Reminds Ibotta Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 16, 2025 - IBTA
Prnewswire· 2025-06-12 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ibotta, Inc. regarding a class action lawsuit related to misleading statements about the company's contract with Kroger, which could have significant implications for investors [1][2]. Group 1: Allegations and Legal Context - The lawsuit alleges that Ibotta made false statements and failed to disclose the at-will nature of its contract with Kroger, which could allow Kroger to terminate the contract without warning [2]. - Ibotta provided detailed information about its contract with Walmart but did not adequately warn investors about the risks associated with the Kroger contract, leading to potential investor losses [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 [3]. - Once registered, shareholders will receive updates on the case's progress through a portfolio monitoring software, and there is no cost to participate [3]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies, emphasizing the importance of responsible business practices [4].
Shareholders that lost money on Ibotta, Inc. (IBTA) should contact Levi & Korsinsky about pending Class Action - IBTA
GlobeNewswire News Room· 2025-06-10 17:01
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 The Kroger Co., 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 investors to incur any out-of-pocket costs or fees [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].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ibotta
Prnewswire· 2025-06-10 13:58
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ibotta, Inc. due to allegations of misleading statements and failure to disclose risks related to its contract with Kroger, which may have led to significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Ibotta to contact them directly to discuss their legal options [1]. - There is a deadline of June 16, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Ibotta [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Financial Performance and Stock Impact - Ibotta conducted its IPO on April 13, 2024, offering 6.6 million shares at a price of $88.00 per share [5]. - 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, leading to a 26% drop in stock price to $42.66 [6]. - Following a disappointing Q4 earnings report on February 26, 2025, Ibotta's stock plummeted by 46% to close at $34.01 [7]. Group 3: Contractual Risks - The complaint against Ibotta alleges that the company failed to disclose the at-will nature of its contract with Kroger, which could be terminated without warning, posing a significant risk to investors [4]. - Ibotta provided vague warnings about maintaining client relationships without addressing the specific risk of losing a major client like Kroger [4].