Long-Term Investors in shares of Ibotta, Inc. (NYSE: IBTA) should contact the Shareholders Foundation in connection with Investigation over possible Wrongdoing

An investigation was announced for current long-term investors in shares of Ibotta, Inc. (NYSE: IBTA) concerning potential breaches of fiduciary duties by certain directors and officers of Ibotta, Inc.

Investors who are current long term investors in Ibotta, Inc. (NYSE: IBTA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: IBTA stocks follows a lawsuit filed against Ibotta, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: IBTA stocks, concerns whether certain Ibotta, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Colorado the plaintiff alleges that the Registration Statement that was filed in connection with Ibotta's April 18, 2024 IPO contained false and/or misleading statements and/or failed to disclose the risks concerning Ibotta's contract with The Kroger Co. ("Kroger"). Kroger's contract was at-will, and Ibotta failed to warn investors that a large client could cancel their contract with Ibotta without warning, that Despite providing a detailed explanation of the terms of Ibotta's contract with another large customer, there was not a single warning of the at-will nature of Kroger's contract, that rather than disclosing the very real risk of a major client walking away at any time, Ibotta provided boilerplate warnings concerning the importance of maintaining ongoing relationships with their clients, and that when the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Ibotta, Inc. (NYSE: IBTA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.