The Via Transportation, Inc. securities case is moving forward.
Garlesky v. Via Transportation, Inc. et al., No. 1:26-cv-04870 (S.D.N.Y.)
A court-appointed lead plaintiff is now litigating on behalf of all class members. If you bought VIA during the class period, your potential claim is unaffected — you didn't need to do anything by the deadline. Register to follow the case and have your losses evaluated for free.
- No cost to participate
- No fee unless investors recover
- Talk to a real person, not a call center
- Lead plaintiff deadline
- Passed — August 10, 2026
- Class members' claims unaffected
- Class period
- To be determined
- Eligible purchases fall between these dates
What happened to VIA
About this case
The complaint alleges that Via Transportation's offering documents for its September 2025 IPO contained materially misleading statements and omissions about the company's growth and business prospects. According to the complaint, Via touted its "successful land and expand strategy," rapid revenue growth, and strong customer adoption, while failing to disclose that its Platform Annual Run-Rate Revenue per customer had already begun to decline and that regulatory and structural issues in Germany—one of its most important markets—were preventing the company from selling its full platform beyond microtransit. The truth allegedly emerged through a series of disclosures beginning on November 13, 2025, when Via reported the first decline in ARR per customer in eight quarters, followed by admissions on February 27, 2026 and May 12, 2026 that the company was facing significant headwinds in Germany and could not move past selling microtransit in isolation. By the time the action was filed, Via shares had fallen to as low as $14.12, nearly 70% below the $46 IPO price.
The allegations, in plain terms
- September 2025Via Transportation goes public at $46 per share. Per the complaint, the IPO offering documents touted a "successful land and expand strategy," rapid revenue growth, and strong customer adoption.
- September 2025 (alleged omissions)The complaint alleges the offering documents failed to disclose that Platform Annual Run-Rate Revenue per customer had already begun to decline, and that regulatory and structural issues in Germany were preventing Via from selling its full platform beyond microtransit.
- November 13, 2025Via reports what the complaint describes as the first decline in ARR per customer in eight quarters. The stock falls roughly 14.6% that day.
- February 27 and May 12, 2026Per the complaint, Via admits it is facing significant headwinds in Germany and cannot move past selling microtransit in isolation. On May 12, 2026, the stock declines about 16.6%.
- Case filedBy the time the lawsuit was filed, Via shares had allegedly traded as low as $14.12 — nearly 70% below the $46 IPO price. The complaint's allegations have not been proven, and no court has made any findings.
Summarizes allegations in the complaint — they are not findings of any court.
We screen hundreds of stock drops every year and file only a handful. If we're investigating this one, it's because we believe in it.
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* Subject to court approval. Prior results do not guarantee a similar outcome.
Who we are — and why we're involved
Block & Leviton represents investors. We never represent the companies we investigate. When a company's own disclosures reveal that shareholders were misled, we investigate and bring claims to recover those losses.
Our clients are people like you: individual investors, retirees, and pension funds harmed when the truth comes out and a stock falls. There is no cost to you to participate, and attorneys' fees are paid only out of a recovery approved by the court.
Who you'll be dealing with
Jeffrey Block
Represents investors in securities class actions nationwide.
Your first call will usually be with David White, our investor liaison — and our partners are directly involved in every case.
A record courts have trusted
NextEra Energy — $150 million
The district court dismissed the case. We appealed — and won a unanimous reversal in the Eleventh Circuit Court of Appeals. The result: a $150 million settlement — the largest securities class action settlement in the Southern District of Florida in more than 30 years.*
Dismissed — then revived when we persuaded the court to reconsider its own judgment. Settled in 2026.
Recovered for investors even after Tricida itself went bankrupt.
Federal courts have appointed Block & Leviton lead counsel in securities class actions on behalf of investors nationwide. Our attorneys have recovered billions of dollars for investors, retirees, and pension funds.
* Subject to court approval. Prior results do not guarantee a similar outcome. Attorney advertising.
Common questions
Will this cost me anything?
No. There is no cost to submit your information, no cost to participate, and no out-of-pocket cost ever. If there's a recovery, attorneys' fees are paid from it and must be approved by the court.
Do I have to go to court or sue anyone myself?
No. The case is brought on behalf of all affected investors as a group. Unless you choose to seek a larger role, participating requires essentially nothing from you.
I'm already part of the class automatically — so why submit my information?
It's true: if you bought VIA during the class period, you're a class member whether or not you contact anyone. Submitting your information lets us evaluate your specific losses, keep you informed as the case develops, and tell you whether you may benefit from a larger role in the case.
The lead plaintiff deadline passed — am I out of luck?
No. That deadline only governed who could seek appointment to lead the case. Your potential claim as a class member is unaffected — if the case succeeds, class members who file valid claims share in the recovery, and we'll keep you informed of every step if you register.
I sold my shares after the drop — am I still eligible?
Possibly, yes. What generally matters is that you purchased shares during the class period and were harmed by the decline. Whether you still hold shares today doesn't necessarily disqualify you — submit your details and we'll evaluate your situation.
Does submitting this form make you my lawyers?
No — and that's a protection for you. Submitting the form only lets us evaluate your potential claim, at no cost. If we determine we can help and you decide to move forward, we'll send you a written retainer agreement that spells out the relationship, the contingency fee, and your rights. You're never committed to anything until you've read and signed it.
What happens after I submit the form?
Our team reviews your submission — usually within one business day. David, our investor liaison, will reach out by phone or email, and our partners are directly involved in every case. You're never obligated to do anything.
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