Archived Investigations
StubHub Holdings, Inc. (NYSE: STUB)
StubHub and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.
On November 13, 2025, post-market, the Company announced its financial results for the third quarter 2025, disclosing free cash flow of negative $4.6 million in the quarter, a 143% decrease from the Company’s free cash flow in the prior year period, and that net cash provided by operating activities was only $3.8 million, a 69.3% decrease from prior year period, due primarily to changes in the timing of payments to vendors.”
On this news, StubHub’s stock price fell $3.95 per share, or 20.9%, to close at $14.87 per share on November 14, 2025, on unusually heavy trading volume.
The case is Salabaj v. StubHub Holdings, Inc., et al., No. 1:25-cv-09776.