StubHub IPO Lawsuits Build as Firms Press Jan. 23 Lead‑Plaintiff Deadline
Plaintiffs say the IPO documents hid vendor‑payment timing shifts that hurt liquidity by driving a sharp free cash flow decline.
Overview
- Multiple securities class actions targeting StubHub’s September 2025 offering are pending in the Southern District of New York, focusing on alleged omissions in the registration statement.
- Hagens Berman highlights that Q3 2025 free cash flow was negative $4.6 million, described as a 143% year‑over‑year decline that left the stock trading below the IPO price.
- Investor notices from Rosen Law Firm, Kessler Topaz, Bernstein Liebhard, Berger Montague, and the Law Offices of Frank R. Cruz urge shareholders to move for lead‑plaintiff status by January 23, 2026.
- Berger Montague’s filing identifies a proposed class period from September 14, 2025 through November 24, 2025 for securities purchased or traceable to the IPO.
- Kuehn Law is separately probing potential fiduciary‑duty breaches by officers and directors, and no class has been certified in the securities cases to date.