PRNewsWire
08 Jun 2026, 00:00 UTC · 14h ago
UPST Deadline: UPST Investors Have Opportunity to Lead Upstart Holdings, Inc. Securities Fraud Lawsuit
PRNewsWire
08 Jun 2026, 00:00 UTC · 14h ago
Story key points
3 claims · impact-rated
A securities fraud lawsuit alleges that Upstart's Model 22 overreacted to negative macroeconomic signals and overstated its accuracy and loan approval rates. — Claims of fundamental flaws in the core AI lending model directly undermine the company's primary value proposition and revenue generation capability.
-0.60The lawsuit claims Upstart's Model 22 caused a significant negative impact on revenue, making the company's full year 2025 revenue guidance unreliable. — Allegations that financial guidance was unrealistic or misleading typically lead to immediate loss of investor confidence and downward price pressure.
-0.50The Rosen Law Firm is seeking lead plaintiffs for a class action lawsuit involving Upstart securities purchased between May 14, 2025, and November 4, 2025. — While class action notices are common, the formal pursuit of lead plaintiffs signals the legal process is advancing, creating a potential future liability.
-0.20Ticker attribution
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Model heads
The company is the subject of a securities fraud lawsuit announcement.
The company is facing a securities fraud class action lawsuit alleging misleading statements regarding its risk models and revenue guidance.
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