Reminder of Class Action Lawsuit for Upstart Holdings Investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: Globenewswire
- Class Action Notification: Rosen Law Firm reminds investors who purchased Upstart Holdings (NASDAQ: UPST) securities between May 14, 2025, and November 4, 2025, to apply as lead plaintiffs by June 8, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will incur no upfront costs, as the law firm operates on a contingency fee basis, which reduces the financial burden on investors and encourages broader participation.
- Lawsuit Background: The lawsuit alleges that Upstart made materially false and misleading statements during the class period, particularly regarding the accuracy of its Model 22 risk-separation process and overstated loan approval rates, resulting in investor losses.
- Law Firm's Advantage: Rosen Law Firm is renowned for its successful track record in securities class actions, having achieved the largest settlement against a Chinese company and recovering hundreds of millions for investors, demonstrating its expertise and resource advantages in handling such cases.
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Analyst Views on UPST
Wall Street analysts forecast UPST stock price to rise
13 Analyst Rating
7 Buy
4 Hold
2 Sell
Moderate Buy
Current: 29.740
Low
20.00
Averages
56.73
High
80.00
Current: 29.740
Low
20.00
Averages
56.73
High
80.00
About UPST
Upstart Holdings, Inc. is an artificial intelligence (AI) lending marketplace. The Company’s platform includes personal loans, automotive retail and refinance loans, home equity lines of credit (HELOCs), and small dollar loans. It applies artificial intelligence models and cloud applications to the process of underwriting consumer credit. Its AI marketplace connects consumers with its lending partner. Its consumers can access Upstart-powered loans via Upstart.com, through a lender-branded product on its lending partners’ own websites, and through auto dealerships that use its Upstart Auto Retail software. Its platform enables lenders provide a product their customers want, rather than letting customers seek loans from competitors. Its cloud-based software platform incorporates technologies and software development approaches to allow for development of new features, such as cloud-native technologies, data integrity and security, and configurable multi-tenant architecture, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Class Action Notification: Rosen Law Firm reminds investors who purchased Upstart Holdings securities between May 14, 2025, and November 4, 2025, that they must apply to be lead plaintiff by June 8, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will not incur any upfront costs, as attorney fees will be covered through a contingency fee arrangement, significantly reducing financial risk for investors until compensation is secured.
- Lawsuit Background: The lawsuit alleges that Upstart Holdings made false and misleading statements during the class period, resulting in investor losses due to the overestimation of Model 22's risk-separation processes, which negatively impacted the company's revenue guidance.
- Law Firm's Advantage: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and resource advantages in handling such cases.
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- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Upstart Holdings, seeking damages for investors who purchased securities between May 14, 2025, and November 4, 2025, indicating significant legal risks for the company.
- Allegations of Misrepresentation: The complaint alleges that Upstart made false and misleading statements during the class period, particularly overstating the accuracy of its AI underwriting model, Model 22, which misled investors about the company's financial health.
- Unreliable Revenue Guidance: Due to Model 22's overreaction to negative macroeconomic signals, Upstart's revenue results were significantly impacted, rendering its previously issued revenue guidance for 2025 unreliable, which could undermine future investor confidence.
- No Cost to Investors: Bronstein, Gewirtz & Grossman, LLC states that they operate on a contingency fee basis, meaning investors incur no upfront costs and only pay if a recovery is achieved, thus lowering the barrier for investor participation.
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- Class Action Initiation: Rosen Law Firm reminds investors who purchased Upstart Holdings (NASDAQ:UPST) securities between May 14, 2025, and November 4, 2025, to apply for the class action by June 8, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Upstart made false and misleading statements during the class period, particularly regarding the accuracy of its Model 22 risk-separation processes and inflated loan approval rates, resulting in investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its expertise and success in this field.
- Investor Guidance: Investors are advised to select qualified counsel with a proven track record to ensure effective legal representation in the class action, avoiding firms that merely act as intermediaries without actual litigation experience.
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- Class Action Notification: Rosen Law Firm reminds investors who purchased Upstart Holdings securities between May 14, 2025, and November 4, 2025, to apply as lead plaintiffs by June 8, 2026, to participate in the class action, as those who do not will be ineligible for compensation.
- Fee Arrangement: Participants can receive compensation without any upfront fees or costs through a contingency fee arrangement, which reduces the financial burden on investors and encourages more affected individuals to join the lawsuit.
- Lawsuit Background: The lawsuit alleges that Upstart made false and misleading statements throughout the class period, particularly regarding the accuracy of its Model 22 risk-separation process and inflated loan approval rates, resulting in investor losses when the truth was revealed.
- Law Firm Advantages: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, being ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this field.
See More
- Class Action Initiated: Bragar Eagel & Squire, P.C. has filed a class action lawsuit against Upstart in the Northern District of California on behalf of investors who purchased securities between May 14, 2025, and November 4, 2025, highlighting serious concerns regarding the company's financial transparency.
- False Statement Allegations: The lawsuit alleges that Upstart failed to disclose flaws in its Model 22 risk assessment model during the class period, leading to an overstated loan approval rate and negatively impacting revenue forecasts, potentially causing significant investor losses.
- Investor Rights Protection: Investors must apply by June 8, 2026, to be appointed as lead plaintiffs, indicating the legal team's commitment to protecting investor rights while also reflecting potential concerns about corporate governance.
- Legal Consultation Availability: Bragar Eagel & Squire offers free consultations, encouraging affected investors to reach out to attorneys, demonstrating the legal team's dedication to supporting investor rights and interests.
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- Class Action Notice: Rosen Law Firm reminds investors who purchased Upstart Holdings securities between May 14, 2025, and November 4, 2025, that they must apply to be lead plaintiffs by June 8, 2026, or risk losing their right to compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket expenses, as attorney fees will be covered through a contingency fee arrangement, thereby reducing financial barriers and encouraging more victims to seek compensation.
- Lawsuit Background: The lawsuit alleges that Upstart made false and misleading statements throughout the class period, particularly regarding the accuracy of its Model 22's risk-separation processes and loan approval rates, leading to unrealistic expectations about the company's future revenue and resulting in financial losses for investors.
- Law Firm's Strength: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its expertise and resource advantages in handling such cases.
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