Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Ibotta, Inc. securities related to its April 18, 2024 IPO, alleging that the Registration Statement contained false or misleading statements regarding the risks associated with Ibotta's contract with Kroger [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Ibotta failed to disclose that its contract with Kroger was at-will, meaning Kroger could terminate the contract without notice, which posed a significant risk to investors [5]. - Ibotta provided detailed terms of its contract with another large customer but did not mention the at-will nature of the Kroger contract, leading to investor damages when the true nature of the contract was revealed [5]. Group 2: Investor Actions - Investors who purchased Ibotta securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact Rosen Law Firm for more information [3][6]. 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 securities class action 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].
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Ibotta, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – IBTA