Core Viewpoint - A class action securities lawsuit has been filed against Ibotta, Inc. due to alleged securities fraud related to its initial public offering on April 18, 2024 [1][2]. Class Definition - The lawsuit aims to recover losses for investors who purchased Ibotta securities linked to the company's IPO [2]. Case Details - The complaint alleges that Ibotta made false statements and failed to disclose the risks associated with its contract with Kroger, specifically that the contract was at-will, allowing Kroger to terminate it without notice [3]. - Ibotta provided detailed information about its contract with Walmart but did not mention the at-will nature of the Kroger contract, misleading investors about the potential risk of losing a major client [3]. Next Steps - Investors who suffered losses in Ibotta have until June 16, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [5].
Shareholders of Ibotta, Inc. Should Contact Levi & Korsinsky Before June 16, 2025 to Discuss Your Rights – IBTA