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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 ...
Scott+Scott Attorneys at Law LLP Files Securities Class Action Against Ibotta, Inc. (NYSE: IBTA)
GlobeNewswire News Room· 2025-05-21 22:25
Core Viewpoint - Scott+Scott Attorneys at Law LLP has filed a securities class action lawsuit against Ibotta, Inc. and certain individuals associated with the company, alleging misleading statements and omissions regarding Ibotta's business and financial condition during the class period from April 18, 2024, to February 26, 2025 [1][4]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the District of Colorado and asserts claims under various sections of the Securities Act of 1933 and the Securities Exchange Act of 1934 [1]. - The class action is titled Valentine v. Ibotta, Inc., et al., Case No. 25-cv-1615, and includes all individuals who purchased Ibotta securities during the specified class period [1][9]. Group 2: Allegations Against Ibotta - The class action alleges that Ibotta's management made false and misleading statements about the company's data measurement system, revenue generation, and client budgets [4]. - Specific claims include that Ibotta's data measurement system was not providing accurate real-time data, the business mix had shifted leading to reduced revenue, and that the company had "exhausted" client budgets, negatively impacting revenue expectations for Q4 2024 and Q1 2025 [4]. Group 3: Stock Price Impact - Following the release of disappointing financial results and revelations about the company's performance, Ibotta's stock price experienced significant declines, including a drop of nearly 27% on August 14, 2024, after reporting a 39% year-over-year decrease in redemptions [5]. - On November 14, 2024, the stock fell nearly 13% after the company indicated that client budgets had been exhausted faster than anticipated, with expectations of a further 20% decrease in D2C redemption revenue for 2025 [6]. - The most significant drop occurred on February 27, 2025, when the stock price fell nearly 46% after reporting only 4% revenue growth, which was well below expectations due to budget constraints [7].
Shareholders that lost money on Ibotta, Inc. (IBTA) should contact The Gross Law Firm about pending Class Action - IBTA
GlobeNewswire News Room· 2025-05-21 17:10
NEW YORK, May 21, 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=149360&from=3 CLASS PERIOD: This lawsuit is on behalf of ...
Lost Money on Ibotta, Inc.(IBTA)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-05-20 09:45
NEW YORK, May 20, 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 Apri ...
ROSEN, SKILLED 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· 2025-05-19 23:15
Core Points - Rosen Law Firm is reminding purchasers of Ibotta, Inc. securities about the June 16, 2025 lead plaintiff deadline in a securities class action related to Ibotta's April 18, 2024 IPO [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 must move the Court to serve as lead plaintiff by June 16, 2025 [3] - The lawsuit alleges that Ibotta's Registration Statement contained false or misleading statements regarding its contract with Kroger, failing to disclose the at-will nature of the contract [5] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has recovered hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [4]
Shareholders that lost money on Ibotta, Inc. (IBTA) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2025-05-19 17:19
NEW YORK, May 19, 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’s ...
IBTA INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Ibotta, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
GlobeNewswire News Room· 2025-05-19 13:30
Core Points - Ibotta, Inc. is facing a class action lawsuit related to its IPO, with a deadline for potential lead plaintiffs set for June 16, 2025 [1][5] - The lawsuit alleges that Ibotta's IPO offering documents were misleading and failed to disclose significant risks associated with its contracts, particularly with The Kroger Co. [3][4] - Ibotta's IPO involved the sale of 2.5 million shares at $88.00 each, but the stock has since traded significantly lower than this price [2][4] Company Overview - Ibotta is described as a technology company that facilitates digital promotions for consumer packaged goods brands through its Ibotta Performance Network [2] - The company has been accused of not adequately warning investors about the at-will nature of its contract with Kroger, which could lead to sudden cancellations [3] Legal Context - The class action lawsuit is filed under the Private Securities Litigation Reform Act of 1995, allowing investors who purchased Ibotta securities during the IPO to seek lead plaintiff status [5] - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is noted for its significant track record in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [6]