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Handelsbanken Fonder AB v. Upstart Holdings, Inc. et al
Case Number:
2:22-cv-02706
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 13, 2022
5 Legal Teams Vie To Lead Fintech Co. Upstart Investor Suit
Five legal teams want to represent investors in a proposed class action alleging online lending underwriter Upstart misled them about the predictive capabilities of its artificial intelligence technology, leading to the company underwriting "progressively less creditworthy loans" as interest rates and inflation rose.
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July 08, 2022
Fintech Co. Upstart Faces Potential Securities Class Action
Online lending underwriter Upstart is accused in a proposed class action of misleading investors about its abilities to weather uncertainties in the economy, which hurt the shareholders' pocketbooks when the stock price tanked in May following news of a challenging quarter.