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par The Rosen Law Firm P. A. (isin : US59516C1062)

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Maplebear Inc. (d/b/a Instacart) Investors to Secure Counsel Before Important Deadline in Securities Class Action - CART

EQS-News: The Rosen Law Firm P. A. / Key word(s): Financial
ROSEN, NATIONAL TRIAL LAWYERS, Encourages Maplebear Inc. (d/b/a Instacart) Investors to Secure Counsel Before Important Deadline in Securities Class Action - CART

31.01.2024 / 03:47 CET/CEST
The issuer is solely responsible for the content of this announcement.


WHY: NEW YORK, NY - 65b9acceda846f373deacae8.gif(NewMediaWire) - January 30, 2024 - Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Maplebear Inc. (d/b/a Instacart) (NASDAQ: CART): (i) pursuant and/or traceable to the offering documents issued in connection with the Company’s September 19, 2023 initial public offering (the “IPO” or “Offering”); and/or (ii) between September 19, 2023 and October 1, 2023, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2024.

65b9acceda846f373deacae8_1SO WHAT: If you purchased Instacart securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Instacart class action, go to https://rosenlegal.com/submit-form/?case_id=22209 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and misleading statements regarding Instacart’s business, operations, and prospects. Specifically, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) Instacart had overstated the extent to which online grocery shopping and delivery habits among consumers were accelerating; (2) Instacart had downplayed the extent of the competition that it faced in the online grocery shopping and delivery market; (3) accordingly, defendants overstated Instacart’s post-IPO growth, business, and financial prospects; and (4) as a result, Instacart’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Instacart class action, go to https://rosenlegal.com/submit-form/?case_id=22209 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

      Laurence Rosen, Esq.
     
Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com


News Source: NewMediaWire


31.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:English
Company:The Rosen Law Firm P. A.
United States
ISIN:US5653941030
EQS News ID:1826505

 
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1826505  31.01.2024 CET/CEST

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