GlobeNewsWire
08 Jun 2026, 18:44 UTC · 1h ago
UPST DEADLINE TODAY: ROSEN, LEADING INVESTOR COUNSEL, Encourages Upstart Holdings, Inc. Investors to Secure Counsel Before Important June 8 Deadline in Securities Class Action – UPST
GlobeNewsWire
08 Jun 2026, 18:44 UTC · 1h ago
Story key points
3 claims · impact-rated
Upstart Holdings is facing a securities class action lawsuit alleging that its 'Model 22' credit risk model frequently overreacted to negative macroeconomic signals. — Claims of fundamental flaws in a fintech company's core proprietary AI risk model strike at the heart of its value proposition and operational viability.
-0.60The lawsuit alleges that Upstart's 2025 full-year revenue guidance was unreliable and unrealistic due to overly conservative credit assessments from its model. — Allegations of misleading financial guidance and revenue instability typically lead to decreased investor confidence and downward price pressure.
-0.50The lead plaintiff deadline for the Upstart securities class action is June 8, 2026. — Procedural legal deadlines are generally low-impact unless they signal an imminent trial or settlement, but they keep the legal risk active in the market.
-0.10Ticker attribution
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Model heads
The company is facing a securities class action lawsuit alleging false and misleading statements regarding its risk models and revenue guidance.
The company is being mentioned in the context of an investigation by a law firm into potential securities claims for shareholders.
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Globe News Wire
1h ago
