Core Viewpoint - Rosen Law Firm is reminding purchasers of Ibotta, Inc. securities about the upcoming lead plaintiff deadline in a securities class action related to Ibotta's IPO and subsequent performance issues [1][5]. Group 1: Class Action Details - The class action pertains to securities purchased pursuant to Ibotta's registration statement during the class period from April 18, 2024, to February 26, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must be appointed by June 16, 2025, to represent other class members in the litigation [3]. Group 2: Allegations Against Ibotta - The lawsuit alleges that Ibotta made false or misleading statements regarding its contract with Kroger and the accuracy of its data measurement system [5]. - It is claimed that Ibotta's business mix had shifted, resulting in decreased revenue, and that the company had "exhausted" its clients' budgets, negatively impacting revenue forecasts for Q4 2024 and Q1 2025 [5]. 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 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].
IBTA DEADLINE NOTICE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Ibotta, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – IBTA