ATLANTA, Jan. 26, 2024 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against Maplebear Inc. d/b/a Instacart (“Instacart” or the “Company”) (NASDAQ: CART). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material information in the Company’s Offering Documents and throughout the Class Period, including allegations that: (i) Instacart had overstated the extent to which online grocery shopping and delivery habits among consumers were accelerating; (ii) Instacart had downplayed the extent of the competition that it faced in the online grocery shopping and delivery market; and (iii) accordingly, Defendants overstated the Company’s post-IPO growth, business, and financial prospects.
If you bought Instacart shares pursuant and/or traceable to the September 19, 2023 IPO, or between September 19, 2023 and October 1, 2023, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Marshall Dees, Esq. at mdees@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/instacart/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is March 25, 2024.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
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