Via Transportation: Investor deadline approaches in class action lawsuit

Investors who suffered losses of over $100,000 in a securities class action lawsuit against Via Transportation, Inc. are nearing a lead plaintiff filing deadline of August 10, 2026. The lawsuit pertains to the company's initial public offering (IPO) in September 2025.

The complaint alleges that the offering documents, including the registration statement and prospectus filed with the SEC, contained materially false or misleading statements and omitted required disclosures. These documents were filed in August and September 2025.

According to the lawsuit, at the time of the IPO, Via Transportation was already facing operational challenges. The company was reportedly acquiring customers faster than they were generating revenue, leading to a decline in average annual recurring revenue per customer for the first time in eight quarters. Additionally, the company encountered regulatory hurdles in Germany related to microtransit adoption, where Via could not offer its full platform.

By the time the action commenced, Via's stock had fallen to as low as $14.52, a decrease of nearly 70% from its IPO price. The case, Garlesky v. Via Transportation, Inc., is being heard in the United States District Court for the Southern District of New York.