StubHub IPO Lawsuits Push Investors Toward Jan. 23 Lead-Plaintiff Deadline
Plaintiffs say the registration statement hid vendor‑payment timing shifts that drove a sharp free‑cash‑flow drop.
Overview
- Hagens Berman urged purchasers of StubHub shares in the September 2025 IPO to contact the firm before the January 23, 2026 deadline to seek lead‑plaintiff status.
- Rosen Law Firm said a class action has been filed and reminded IPO investors they can move to be lead plaintiff by January 23, noting no class has been certified and investors are not represented unless they retain counsel.
- The complaints assert StubHub’s offering documents failed to disclose changes in the timing of payments to vendors that allegedly harmed free cash flow, including trailing‑12‑month metrics.
- StubHub reported on November 13, 2025 that free cash flow fell to negative $4.6 million, a 143% decline, after which the stock dropped more than 20% in a day and later traded as much as 56% below the $23.50 IPO price.
- The Law Offices of Frank R. Cruz also invited investors with losses to seek a lead role, and Hagens Berman solicited potential whistleblowers under the SEC program that can award up to 30% of recoveries.