Core Viewpoint - A securities fraud class action lawsuit has been filed against Ibotta, Inc. regarding its initial public offering, alleging that the company and its senior officers failed to disclose significant risks associated with a contract with Kroger [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the District of Colorado on behalf of investors who acquired Ibotta securities linked to its April 18, 2024 IPO [3]. - Allegations include violations of the Securities Act of 1933, specifically that Ibotta did not adequately inform investors about the at-will nature of its contract with Kroger, which could be canceled without notice [3][4]. Group 2: Investor Participation - Investors wishing to act as lead plaintiffs must submit their papers by June 16, 2025, although participation as a lead plaintiff is not necessary to share in any potential recovery [5]. - All legal representation in this case is on a contingency fee basis, meaning shareholders will incur no fees or expenses unless there is a recovery [5]. Group 3: Law Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has a history of recovering over $3.5 billion for clients and has represented major public and private pension funds [6]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 for sixteen consecutive years [6].
IBOTTA, INC. (NYSE: IBTA) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds Ibotta, Inc. Investors of Upcoming Deadline