SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Upstart Holdings, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Upstart Holdings, Inc. (“Upstart” or “the Company”) (NASDAQ: UPST) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 9, 2021 and May 9, 2022, inclusive (the ”Class Period”), are encouraged to contact the firm before July 12, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Upstart’s AI model failed to properly account for macroeconomic factors impacting the clearing price of loans, such as interest rates. Based on this failure, the Company suffered from negative impacts on its conversion rate. The Company was likely to use its balance sheet to fund loans. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Upstart, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com
Office: 310-301-3335

info@schallfirm.com

error: Content is protected !!