Pomerantz Law Firm Notifies Investors of Class Action against Maplebear Inc. a.k.a Instacart

NEW YORK, Feb. 11, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP has recently made public a class action lawsuit aimed at Maplebear Inc., doing business as Instacart, under the stock symbol CART. The action includes allegations against certain officers and directors of the company. This legal proceeding addresses concerns raised by shareholders who have encountered financial losses tied to their investments in the company.

Background of Maplebear Inc./Instacart

Operating popularly as Instacart, Maplebear Inc. offers grocery delivery and pick-up services in the U.S. and Canada. Instacart has been on the radar of investors given its expansion and penetration in the grocery delivery market. Over the years, the company's growth trajectory had garnered significant investor interest.

Details of the Class Action Lawsuit

The class action against CART has been initiated to address the grievances of investors who are claiming to have suffered losses. The suit points to potential misrepresentations and omissions by the company's executives, which might have led to the financial detriment of the shareholders. The firm representing the investors, Pomerantz LLP, is a well-known legal entity that specializes in corporate, securities, and antitrust class litigation.

About Carolina Trust BancShares, Inc.

CART is not only the ticker symbol for Maplebear Inc./Instacart but also for Carolina Trust BancShares, Inc., the parent company of Carolina Trust Bank. Carolina Trust BancShares, Inc. provides a variety of commercial banking products and services to individuals and businesses, headquartered in Lincolnton, North Carolina.

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