StubHub IPO Lawsuits Intensify as Lead-Plaintiff Deadline Nears

Overview

• Multiple plaintiff firms, including Rosen, Hagens Berman, Schall, Robbins Geller, and DJS Law Group, are urging IPO purchasers to join the litigation and consider moving for lead-plaintiff status.
• Complaints filed in the Southern District of New York allege StubHub’s registration statement failed to disclose changes in vendor-payment timing that significantly depressed free cash flow, including trailing‑12‑month figures.
• StubHub reported on Nov. 13, 2025 that free cash flow fell to negative $4.6 million, a 143% year-over-year decline primarily tied to payment-timing changes, and the stock fell more than 20% the next day.
• Robbins Geller’s notice cites the case caption Salabaj v. StubHub Holdings, Inc., No. 25-cv-09776 (S.D.N.Y.), and says the suit names the company, certain executives and directors, and IPO underwriters.
• No class has been certified and the allegations remain unproven, while some firms are also soliciting potential whistleblowers under the SEC program.