Instacart Beats Investors’ IPO Competition Claims for Now (1)

Instacart defeated investor claims that the online grocery shopper overstated its growth potential and understated the threat of rivals in its initial public offering paperwork, a federal judge ruled.

Stockholders didn’t adequately allege that “brand-related events Instacart allegedly concealed or lied about actually happened,” nor how “forecasting statements relate to their theory of falsity,” Judge Edward J. Davila said.

The US District Court for the Northern District of California judge tossed the investors’ amended complaint on May 9, but gave them 30 days to file a new one.

Their complaint asserted two sets of claims relating to when Instacart, ...