NASDAQ: UPST

Upstart Holdings, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Upstart Holdings, Inc. (NASDAQ: UPST) between March 18, 2021 and May 9, 2022, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 12, 2022.

If you purchased Upstart securities between March 18, 2021 and May 9, 2022 and would like to join the action, please click “Join This Class Action.”

Class Period:March 18, 2021 through May 9, 2022

Deadline:

8 Days
If you purchased Upstart securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:

  • Upstart’s AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans;
  • as a result, Upstart was experiencing negative impact on its conversion rate;
  • as a result, the Company was reasonably likely to use its balance sheet to fund loans; and
  • 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.

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.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Upstart Holdings, Inc.
Stock Symbol: UPST
Class Period: November 9, 2021 through May 9, 2022
Court: United States District Court for the Northern District of California

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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