Core Viewpoint - A class action lawsuit has been filed against Ibotta, Inc. for allegedly misleading investors during its IPO, particularly regarding the risks associated with its contract with Kroger [1][2]. 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, which could allow Kroger to terminate the agreement without notice [2]. - The complaint states that Ibotta's 2Q 2024 10-Q report failed to mention Kroger as a client, despite its inclusion in the Registration Statement, raising concerns about transparency [3]. - Since its IPO, Ibotta's stock has significantly declined, trading well below the initial offering price of $88.00 per share [3]. Group 2: Class Action Participation - Shareholders interested in participating in the class action must file their papers by June 16, 2025, to serve as lead plaintiff, representing other class members [4]. - Shareholders can choose to remain absent from the case while still being eligible for recovery if the class action is successful [4]. Group 3: Company Background - Robbins LLP has been active in shareholder rights litigation since 2002, focusing on helping shareholders recover losses and improve corporate governance [5].
Shareholder Alert: Robbins LLP Informs Stockholders of the Ibotta, Inc. Class Action Lawsuit