StubHub Hit with First of Many Class Action Lawsuits After Post-IPO Stock Price Plunges

Photo Credit: Tingey Law
StubHub faces a class action lawsuit from investors alleging the company hid key cash flow changes relating to its post-IPO stock price plunge.
A shareholder class action lawsuit has been filed against StubHub following its post-IPO stock price plunge. The lawsuit alleges the company made materially false or misleading statements, failing to disclose “material adverse information” regarding its business and cash flow.
The complaint, filed in New York federal