UPST Investors Have Opportunity to Lead Upstart Holdings, Inc. Securities Fraud Lawsuit

Rosen Law Firm, a global investor rights law firm, is reminding purchasers of securities of Upstart Holdings, Inc. (NASDAQ: UPST) between May 14, 2025 and November 4, 2025, of the upcoming deadline of June 8, 2026, for joining a class action lawsuit.

Investors who purchased Upstart securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees or costs through a contingency fee arrangement, according to THE ROSEN LAW FIRM, P. A.

To participate in the Upstart class action, individuals can submit their information through the law firm's website or contact attorney Phillip Kim via a toll-free number or email for further details. There is an active class action lawsuit, and potential lead plaintiffs must file their motions with the Court by June 8, 2026. A lead plaintiff represents the interests of other class members in the litigation.

The lawsuit alleges that during the Class Period, defendants made false or misleading statements and failed to disclose crucial information regarding Model 22's risk-separation processes and its impact on Upstart's revenue. Specifically, it is claimed that the model's accuracy and loan approval rates were overstated, leading to unrealistic revenue guidance for 2025 and resulting in damages for investors when the truth became known.

It is important to note that no class has been certified yet, meaning that investors are not represented by counsel unless they specifically retain one. Investors may choose their own legal representation or can remain as absent class members at this time.