According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Model 22 frequently overreacted to negative macroeconomic signals in performing its risk-separation processes;
- accordingly, Model 22’s overall accuracy and propensity to increase loan approval rates was overstated;
- Model 22’s overly conservative assessment of credit and macroeconomic conditions was having a significant negative impact on Upstart’s revenue results, rendering Upstart’s previously issued full year 2025 revenue guidance unreliable and/or unrealistic; and
- as a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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