The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Via Transportation, Inc. who purchased purchased or otherwise acquired VIA shares pursuant and/or traceable to the offering documents issued in connection with the Company's September 15, 2025 initial public offering..
According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that Via Transportation's offering documents for its September 2025 IPO contained materially misleading statements and omissions about the company's growth and business prospects. According to the complaint, Via touted its "successful land and expand strategy," rapid revenue growth, and strong customer adoption, while failing to disclose that its Platform Annual Run-Rate Revenue per customer had already begun to decline and that regulatory and structural issues in Germany—one of its most important markets—were preventing the company from selling its full platform beyond microtransit. The truth allegedly emerged through a series of disclosures beginning on November 13, 2025, when Via reported the first decline in ARR per customer in eight quarters, followed by admissions on February 27, 2026 and May 12, 2026 that the company was facing significant headwinds in Germany and could not move past selling microtransit in isolation.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until August 10, 2026 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
