Investors File Securities Suit Against Via Over 2025 IPO; Firms Seek Lead Plaintiff by Aug. 10

Overview

• A class action titled Garlesky v. Via Transportation, Inc. was filed in the U.S. District Court for the Southern District of New York alleging violations of the Securities Act of 1933.
• The complaint says Via's September 15, 2025 IPO disclosures understated a decline in Platform Annual Run‑Rate Revenue per customer and failed to disclose regulatory limits that hampered expansion in Germany.
• Plaintiffs tie three company disclosures to steep stock moves, saying a November 13, 2025 quarter report triggered about a 13% drop, a February 27, 2026 update on German headwinds caused about an 8% drop, and a May 12, 2026 quarter result drove another roughly 17% decline.
• Multiple plaintiff firms including Robbins Geller, DJS Law Group, and Berger Montague are soliciting investors to move for lead‑plaintiff status with an August 10, 2026 deadline under the Private Securities Litigation Reform Act.
• If a lead plaintiff is appointed the investor will steer the litigation and select counsel, and the case could determine whether IPO purchasers recover losses after shares fell to about 70% below the $46 offering price, so investors who bought in the offering are being urged to preserve their rights.