StubHub lawsuit deadline just passed: what’s next in the IPO cash-flow class action
The deadline for investors to seek lead plaintiff status in the StubHub IPO securities class action passed Friday, Hagens Berman said. Plaintiffs allege StubHub’s IPO documents failed to disclose a vendor payment delay that impacted free cash flow. StubHub shares closed at $14.70, down 3.8% and well below the $23.50 IPO price. The court will now review motions and set the next steps in the case.