Lead Plaintiff Appointed in Instacart Lawsuit

A class action lawsuit was recently filed on behalf of investors in Maplebear Inc. d/b/a Instacart (NASDAQ:CART) who allegedly suffered losses due to securities fraud by the company. The lawsuit (Stephens v. Maplebear Inc., et al., 24-cv-00465-EJD) is currently pending in the United States District Court for the Northern District of California.

On July 1, 2024, Judge Edward J. Davila signed an order appointing James Cheng as Lead Plaintiff and appointing Levi & Korsinsky, LLP lead counsel. A copy of the order can be viewed here.