Core Viewpoint - A class action lawsuit has been filed against Ibotta, Inc. for allegedly misleading investors regarding the risks associated with its contracts, particularly with Kroger, which could be terminated at will [1][2][3] 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, potentially misleading investors [2] - The complaint highlights that Ibotta's 2Q 2024 10-Q did not mention Kroger as a client, despite its inclusion in the Registration Statement, raising concerns about transparency [3] - Shareholders interested in participating in the class action must file their papers by June 16, 2025, to serve as lead plaintiff [4] Group 2: Company Performance - Since its IPO, Ibotta's stock has significantly declined, trading well below the initial offering price of $88.00 per share [3]
Robbins LLP Reminds IBTA Stockholders with Large Losses to Contact the Law Firm for Information on Leading the Ibotta, Inc. Class Action