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Robbins LLP Encourages UPST Investors to Contact the Firm for Information About the Class Action Against Upstart Holdings, Inc.
GlobeNewswire Inc.·
Robbins LLP has filed a class action lawsuit against Upstart Holdings, Inc. on behalf of investors who purchased securities between May 14, 2025 and November 4, 2025. The lawsuit alleges that Upstart misled investors about its AI lending model (Model 22), claiming it overstated the model's accuracy and loan approval rate increases while failing to disclose that the model was overly conservative and negatively impacting revenue. The company missed Q3 2025 revenue guidance and significantly reduced its FY 2025 revenue outlook, causing the stock to fall 9.71% on November 5, 2025.
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