NEW YORK, Feb. 03, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Maplebear Inc. d/b/a Instacart ("Instacart" or the "Company") (NASDAQ:CART) and certain officers and directors. The class action, filed in the United States District Court for the Northern District of California, and docketed under 24-cv-00465, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Instacart common stock pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company's initial public offering conducted on or about September 19, 2023 (the "IPO" or "Offering"); and/or (b) Instacart securities between September 19, 2023 and October 1, 2023, both dates inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired Instacart common stock pursuant and/or traceable to the Offering Documents issued in connection with the IPO and/or Instacart securities during the Class Period, you have until March 25, 2024 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Instacart provides online grocery shopping services to households in North America. The Company sells and delivers a range of products ...