This event is archived. Final snapshot from when the story concluded. View on Dashboard
Events / Regulatory / Upstart Holdings Class Action Lawsuit
Regulatory class action

Upstart Holdings Class Action Lawsuit

Analysis based on 9 articles · First reported Apr 12, 2026 · Last updated Jun 03, 2026

Sentiment
-60
Attention
4
Articles
9
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The market is impacted by the class action lawsuit against Upstart Holdings, as it alleges that the company made false and misleading statements regarding its AI underwriting model, Model 22. This could lead to a decline in investor confidence and potentially a decrease in the stock price of Upstart Holdings.

Financial services Legal services
Event Summary

A class action lawsuit has been filed against Upstart Holdings and certain of its officers by Bronstein, Gewirtz & Grossman, LLC. The lawsuit alleges that Upstart Holdings made false and misleading statements regarding its AI underwriting model, Model 22, between May 14, 2025, and November 4, 2025. The complaint claims that Model 22 frequently overreacted to negative macroeconomic signals, leading to overstated accuracy and loan approval rates, and negatively impacting Upstart Holdings' revenue results and 2025 revenue guidance. Investors who purchased Upstart Holdings securities during this period are encouraged to join the lawsuit, with a deadline of June 8, 2026, to request lead plaintiff status.

Entities Involved
priv
Bronstein, Gewirtz & Grossman, LLC
Bronstein, Gewirtz & Grossman, LLC is the investor-rights law firm that filed the class action lawsuit against Upstart Holdings, seeking to recover damages for investors.
Importance 80.0 Sentiment 50.0
per
Peretz Bronstein
Peretz Bronstein is the Founding Partner of Bronstein, Gewirtz & Grossman, LLC, the firm leading the class action lawsuit against Upstart Holdings.
Importance 30.0 Sentiment 40.0
per
Nathan Miller
Nathan Miller is the Client Relations Manager at Bronstein, Gewirtz & Grossman, LLC, involved in the class action lawsuit against Upstart Holdings.
Importance 20.0 Sentiment 30.0
stock
Upstart Holdings
Importance 0.0 Sentiment 0.0
Relationships
Bronstein, Gewirtz & Grossman, LLC related ↔ Peretz Bronstein
Bronstein, Gewirtz & Grossman, LLC related ↔ Nathan Miller
Peretz Bronstein employer ↔ Nathan Miller Peretz Bronstein is a founding partner of Bronstein, Gewirtz & Grossman, LLC, where he employs and directs Nathan Miller
ERGEN INTELLIGENCE
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About Ergen

Ergen is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.ergen.ai.