Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ibotta, Inc. regarding a class action lawsuit related to misleading statements about the risks associated with Ibotta's contract with Kroger [1][2]. Allegations - The complaint alleges that Ibotta failed to properly disclose the at-will nature of its contract with Kroger, which could allow Kroger to terminate the contract without warning. This omission is seen as a significant risk that was not communicated to investors [2]. Class Action Details - The class period for the lawsuit pertains to shares purchased during Ibotta's initial public offering on April 18, 2024. Shareholders are encouraged to register for participation in the class action by the deadline of June 16, 2025 [1][3]. - Once registered, shareholders will receive updates on the case through a portfolio monitoring software [3]. Law Firm Background - The Gross Law Firm is recognized for its commitment to protecting investors' rights and ensuring companies adhere to responsible business practices. The firm aims to recover losses for investors caused by misleading statements or omissions that led to inflated stock prices [4].
Shareholders that lost money on Ibotta, Inc.(IBTA) Urged to Join Class Action - Contact The Gross Law Firm to Learn More