Johnson Fistel files Via Transportation IPO class action, sets Aug. 10 lead-plaintiff deadline

Law firms including Johnson Fistel, Robbins Geller Rudman & Dowd, Law Offices of Howard G. Smith, Rosen Law Firm, Bragar Eagel & Squire, and now Kahn Swick & Foti are soliciting investors for a securities class action tied to Via Transportation, Inc.’s September 15, 2025 IPO, with an August 10, 2026 deadline to seek appointment as lead plaintiff. The case, identified as Garlesky v. Via Transportation, Inc., No. 26-cv-04870 in the U.S. District Court for the Southern District of New York, alleges Via’s IPO registration statement and prospectus were materially false or misleading because the company was adding customers faster than they were generating revenue, causing annual recurring revenue or Platform Annual Run-Rate Revenue per customer to decline for the first time in eight quarters, and because Germany was stuck in a regulatory transition in which customers had adopted microtransit but Via could not “sell the entire platform.” Earlier notices also said the complaint points to post-IPO disclosures on November 13, 2025, February 27, 2026, and May 12, 2026, as well as a March 10, 2026 Bleeker Street Research report cited by Bragar Eagel & Squire, which alleged Via’s software-platform narrative masked a more labor-intensive transit services business and that upfront fee recognition inflated ARR. By the commencement of the action, Via shares had traded as low as $14.52, nearly 70% below the $46 IPO price.