Core Viewpoint - The Gross Law Firm has initiated a class action lawsuit on behalf of shareholders of Ibotta, Inc. due to alleged misleading statements regarding the risks associated with its contract with Kroger [1][2]. Group 1: Allegations and Legal Context - The lawsuit 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]. - Ibotta provided detailed information about its contract with Walmart but failed to mention the significant risk posed by the potential loss of Kroger as a client [2]. Group 2: Shareholder Information - Shareholders who purchased Ibotta shares during the specified class period are encouraged to register for the class action by June 16, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm Background - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices that inflate stock prices [4].
Shareholders of Ibotta, Inc. Should Contact The Gross Law Firm Before June 16, 2025 to Discuss Your Rights - IBTA