Instacart Defeats Investors’ IPO Growth, Competition Lawsuit (1)

Instacart is free from investors’ claims that the online grocery shopper overstated its growth potential and understated the threat of rivals in its initial public offering paperwork.

Judge Edward J. Davila signed the parties’ joint stipulation and dismissed the suit against Maplebear Inc., which does business as Instacart, with finality Tuesday. Davila in May had tossed the investors’ allegations, saying the plaintiffs failed to adequately plead any misstatements or the level of intent or reckless disregard to carry securities fraud claims, but left them the option to replead.

• The plaintiffs decided not to amend their most recent complaint, according to ...