Bronstein, Gewirtz & Grossman, LLC Investigates Potential Securities Fraud Claims Against Ibotta, Inc.
New York, NY – March 18, 2025:
Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, is investigating potential claims on behalf of purchasers of Ibotta, Inc. (“Ibotta” or “the Company”) (NYSE:IBTA). The investigation concerns possible securities laws violations and is focused on Ibotta’s financial statements and disclosures issued between January 1, 2023, and December 31, 2024.
Background on Ibotta
Ibotta is a technology company that operates a mobile application providing consumers cashback rewards and other incentives for shopping. The Company’s platform allows users to earn rewards by scanning barcodes or taking photos of their shopping receipts, making purchases through the app, or shopping at partner retailers. Ibotta generates revenue primarily through commissions from retailers and consumer packaged goods companies.
Investigation Details
Bronstein, Gewirtz & Grossman, LLC is investigating whether Ibotta and certain of its executives and directors violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by making false and/or misleading statements and/or failing to disclose material information to investors.
The investigation focuses on whether Ibotta failed to disclose material information regarding its financial condition, business prospects, and revenue growth. Specifically, the investigation is looking into whether Ibotta misrepresented its user growth, engagement, and revenue trends. If it is determined that Ibotta made material misstatements or omissions, the Company and its executives could be liable for damages to affected investors.
Impact on Investors
If you are an Ibotta investor and purchased Ibotta securities between January 1, 2023, and December 31, 2024, you are encouraged to contact Bronstein, Gewirtz & Grossman, LLC to discuss your potential legal rights and remedies. You may be able to recover your losses through a securities class action lawsuit.
Impact on the World
The potential securities fraud investigation against Ibotta could have significant implications for the technology industry and investor confidence. If it is found that Ibotta misrepresented its financial condition, it could raise concerns about the accuracy and reliability of other technology companies’ financial reporting. Moreover, the investigation could lead to increased scrutiny of the financial reporting practices of other technology companies in the same sector.
Conclusion
Bronstein, Gewirtz & Grossman, LLC is committed to ensuring that securities fraud does not go unchecked. If you purchased Ibotta securities between January 1, 2023, and December 31, 2024, and believe that you may have suffered losses as a result of Ibotta’s potential securities law violations, please visit bgandg.com/IBTA or contact the firm directly to discuss your potential legal rights and remedies. The firm represents investors nationwide, and its attorneys have been at the forefront of securities class action litigation for decades.
Investors are encouraged to be vigilant about potential securities fraud and to consult with their investment professionals and legal counsel to ensure that they are making informed decisions about their investments. By working together, we can help protect investors and hold companies accountable for their actions.
- Bronstein, Gewirtz & Grossman, LLC is investigating potential securities fraud claims against Ibotta, Inc.
- The investigation concerns possible violations of securities laws between January 1, 2023, and December 31, 2024.
- The investigation focuses on Ibotta’s financial statements and disclosures.
- Investors who purchased Ibotta securities during the investigation period are encouraged to contact the firm.
- The investigation could have implications for the technology industry and investor confidence.
- Investors are encouraged to consult with their investment professionals and legal counsel.
