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IBTA DEADLINE: ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Ibotta, Inc. Investors with Losses in Excess of $100k to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – IBTA
GlobeNewswire News Room· 2025-06-01 20:38
Core Viewpoint - Rosen Law Firm is reminding purchasers of Ibotta, Inc. securities about the upcoming lead plaintiff deadline in a securities class action related to Ibotta's IPO and subsequent performance issues [1][5]. Group 1: Class Action Details - The class action pertains to securities purchased pursuant to Ibotta's registration statement during the Class Period from April 18, 2024, to February 26, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must be appointed by June 16, 2025, to represent other class members in the litigation [3]. Group 2: Allegations Against Ibotta - The lawsuit alleges that Ibotta made false or misleading statements regarding its contract with Kroger and the accuracy of its data measurement system [5]. - It is claimed that Ibotta's business mix had shifted, resulting in decreased revenue, and that the company had "exhausted" its clients' budgets, negatively impacting revenue forecasts for Q4 2024 and Q1 2025 [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ibotta
Prnewswire· 2025-05-31 12:15
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, LLP is encouraging investors who suffered losses in Ibotta to contact them to discuss legal options, particularly in light of a federal securities class action filed against the company [1][2]. - The deadline for investors to seek the role of lead plaintiff in the class action is June 16, 2025 [2]. Group 2: Financial Performance and Stock Impact - Ibotta conducted its IPO on April 13, 2024, offering 6.6 million shares at $88.00 each [5]. - The company 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 on August 14, 2024 [6]. - On February 26, 2025, Ibotta's stock fell 46% to $34.01 after reporting Q4 earnings that missed expectations and provided disappointing guidance for Q1 2025 [7]. Group 3: Contractual Risks - The complaint against Ibotta alleges that the company did not disclose the at-will nature of its contract with Kroger, which allowed Kroger to terminate the agreement without notice, posing a significant risk to investors [4].
Shareholders that lost money on Ibotta, Inc.(IBTA) should contact Levi & Korsinsky about pending Class Action - IBTA
Prnewswire· 2025-05-30 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 The Kroger Co., 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 case [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no costs or fees 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].
IBTA DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Ibotta, Inc. Investors with Losses in Excess of $100k to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – IBTA
GlobeNewswire News Room· 2025-05-29 22:30
Core Viewpoint - Rosen Law Firm is reminding purchasers of Ibotta, Inc. securities about the upcoming lead plaintiff deadline in a securities class action related to Ibotta's IPO and subsequent performance issues [1][5]. Group 1: Class Action Details - The class action pertains to securities purchased pursuant to Ibotta's registration statement during the Class Period from April 18, 2024, to February 26, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must be appointed by June 16, 2025, to represent other class members in the litigation [3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Allegations Against Ibotta - The lawsuit alleges that Ibotta made false or misleading statements regarding its contract with Kroger, the accuracy of its data measurement system, a shift in its business mix leading to reduced revenue, and the exhaustion of clients' budgets impacting revenue forecasts [5].
Ibotta, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before June 16, 2025 to Discuss Your Rights – IBTA
GlobeNewswire News Room· 2025-05-29 16:13
Core Points - The Gross Law Firm has issued a notice to shareholders of Ibotta, Inc. regarding a class action lawsuit related to the company's initial public offering on April 18, 2024 [1][3] - The lawsuit 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 and could be terminated without warning [4] - Shareholders are encouraged to register for the class action by June 16, 2025, to potentially become lead plaintiffs and receive updates on the case [5] Company and Industry Summary - Ibotta, Inc. is facing legal challenges due to allegations of misleading investors about the nature of its contract with Kroger, which could impact investor confidence and stock performance [4] - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements from companies like Ibotta [6]
IBTA DEADLINE NOTICE: ROSEN, LEADING 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· 2025-05-26 15:10
Core Viewpoint - Rosen Law Firm is reminding purchasers of Ibotta, Inc. securities about the upcoming lead plaintiff deadline in a securities class action related to Ibotta's IPO and subsequent performance issues [1][5]. Group 1: Class Action Details - The class action pertains to securities purchased pursuant to Ibotta's registration statement during the class period from April 18, 2024, to February 26, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must be appointed by June 16, 2025, to represent other class members in the litigation [3]. Group 2: Allegations Against Ibotta - The lawsuit alleges that Ibotta made false or misleading statements regarding its contract with Kroger and the accuracy of its data measurement system [5]. - It is claimed that Ibotta's business mix had shifted, resulting in decreased revenue, and that the company had "exhausted" its clients' budgets, negatively impacting revenue forecasts for Q4 2024 and Q1 2025 [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
IBTA Deadline: IBTA Investors Have Opportunity to Lead Ibotta, Inc. Securities Lawsuit
Prnewswire· 2025-05-22 21:55
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 [1][5]. Group 1: Class Action Details - The class action pertains to securities purchased pursuant to the registration statement issued during Ibotta's IPO on April 18, 2024, and covers the period from April 18, 2024, to February 26, 2025 [1]. - A lead plaintiff deadline is set for June 16, 2025, for those wishing to represent other class members in the litigation [3]. Group 2: Compensation Information - Investors who purchased Ibotta securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 3: Allegations Against Ibotta - The lawsuit alleges that Ibotta made false or misleading statements regarding its contract with Kroger, the accuracy of its data measurement system, a shift in its business mix leading to reduced revenue, and the exhaustion of clients' budgets impacting revenue forecasts for Q4 2024 and Q1 2025 [5].
IBTA DEADLINE: ROSEN, LEADING 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· 2025-05-22 20:14
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][5]. Group 1: Class Action Details - The class action pertains to securities purchased pursuant to Ibotta's registration statement during the period from April 18, 2024, to February 26, 2025 [1]. - Investors 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]. Group 2: Allegations Against Ibotta - The lawsuit alleges that Ibotta made false or misleading statements regarding its contract with Kroger, data measurement systems, revenue generation, and client budget exhaustion, which negatively impacted revenue forecasts [5]. - Specific claims include that Ibotta did not adequately warn investors about risks associated with its contract with Kroger and that its data measurement system was not providing accurate information [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
Ibotta, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 16, 2025 to Discuss Your Rights – IBTA
GlobeNewswire News Room· 2025-05-22 17:29
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 investors to incur any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky 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].
Ibotta, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before June 16, 2025 to Discuss Your Rights - IBTA
Prnewswire· 2025-05-22 09:45
NEW YORK, May 22, 2025 /PRNewswire/ -- 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=149530&from=4CLASS PERIOD: This lawsuit is on behalf of persons ...