Via Transportation Investors Face August Deadline in Securities Lawsuit

Investors who lost more than $100,000 in Via Transportation stock following the company’s September 2025 initial public offering have until August 10, 2026, to seek lead plaintiff status in a pending class action lawsuit filed in the Southern District of New York.

The litigation, Garlesky v. Via Transportation, Inc., centers on allegations that the company’s registration statement and prospectus contained materially misleading information regarding its financial health. According to the complaint, Via Transportation failed to disclose that customer acquisition costs were outpacing revenue generation, leading to the first decline in annual recurring revenue per user in eight quarters. Furthermore, the filing claims the company struggled with regulatory hurdles in Germany, where it proved unable to deploy its full platform despite previous assurances.

Since the public offering, the company's stock has faced significant volatility, trading as low as $14.52—a drop of nearly 70% from its original offering price. Shareholders seeking to participate in the legal action can consult with attorneys at Kahn Swick & Foti, LLC or utilize the services provided by ClaimsFiler to review their options for recovery.