Recent Securities Litigations

Upstart Holdings Inc. Common stock (NASDAQ: UPST)

16 Days left to seek lead plaintiff status.

Company Name:Upstart Holdings Inc. Common stock
Stock Symbol:NASDAQ: UPST
Class Period Start:11/09/2021
Class Period End (inclusive):05/09/2022
Filing Deadline:07/12/2022

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that Upstart’s AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans; (2) that, as a result, Upstart was experiencing negative impact on its conversion rate; (3) that, as a result, the Company was reasonably likely to use its balance sheet to fund loans; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

Upstart Holdings Inc. Common stock (NASDAQ: UPST) Claim Form

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