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Events / Business / Upstart Holdings faces class action lawsuit
Business class action

Upstart Holdings faces class action lawsuit

Analysis based on 51 articles · First reported Apr 08, 2026 · Last updated Apr 27, 2026

Sentiment
-30
Attention
2
Articles
51
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The class action lawsuit against Upstart Holdings could negatively impact its stock price and investor confidence due to allegations of misleading statements and unreliable revenue guidance. For Rosen Law Firm, this event reinforces its position as a prominent investor rights firm.

Financial services Legal services
Event Summary

Rosen Law Firm has filed a class action lawsuit against Upstart Holdings on behalf of investors who purchased securities between May 14, 2025, and November 4, 2025. The lawsuit alleges that Upstart Holdings made false and misleading statements regarding its Model 22's performance, accuracy, and its impact on loan approval rates. It claims that Model 22 overreacted to negative macroeconomic signals, leading to an overstated accuracy and an overly conservative assessment of credit conditions, which negatively affected Upstart Holdings' revenue results and rendered its 2025 revenue guidance unreliable. Investors are encouraged to secure counsel before the June 8, 2026, lead plaintiff deadline. Philip Kim and Lawrence Rosen of Rosen Law Firm are involved in this legal action.

Entities Involved
stock
Upstart Holdings
Importance 0.0 Sentiment 0.0
priv
Pomerantz LLP
Importance 0.0 Sentiment 0.0
priv
Rosen Law Firm
Importance 0.0 Sentiment 0.0
per
Philip Kim
Importance 0.0 Sentiment 0.0
per
Lawrence Rosen
Importance 0.0 Sentiment 0.0
per
Danielle Peyton
Importance 0.0 Sentiment 0.0
govactor
United States — United States District Court for the Northern District of California
Importance 0.0 Sentiment 0.0
priv
The Schall Law Firm
Importance 0.0 Sentiment 0.0
per
Brian Schall
Importance 0.0 Sentiment 0.0
govactor
United States — United States Securities and Exchange Commission
Importance 0.0 Sentiment 0.0
Relationships
Upstart Holdings related ↔ Rosen Law Firm
Upstart Holdings related ↔ Philip Kim
Upstart Holdings related ↔ Lawrence Rosen
Upstart Holdings related ↔ The Schall Law Firm
Upstart Holdings related ↔ Brian Schall
Upstart Holdings related ↔ United States — United States Securities and Exchange Commission
Pomerantz LLP competitor ↔ Rosen Law Firm Pomerantz LLP is a direct competitor to Rosen Law Firm, with both firms frequently vying to represent shareholders as le
Pomerantz LLP related ↔ Philip Kim
Pomerantz LLP related ↔ Lawrence Rosen
Pomerantz LLP related ↔ Danielle Peyton
Pomerantz LLP related ↔ United States — United States District Court for the Northern District of California
Pomerantz LLP competitor ↔ The Schall Law Firm Pomerantz LLP competes directly with The Schall Law Firm to secure lead plaintiff and counsel status in securities fraud
Pomerantz LLP related ↔ Brian Schall
Pomerantz LLP related ↔ United States — United States Securities and Exchange Commission
Rosen Law Firm related ↔ Philip Kim
+ 27 more relationships View on Dashboard
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