Class Action Lawsuit Filed Against Upstart Holdings for Alleged Securities Fraud
A class action lawsuit has been filed against Upstart Holdings (NASDAQ: UPST) by the Schall Law Firm, alleging violations of securities laws due to misleading statements about its AI models. The suit claims that Upstart's Model 22 performed poorly and negatively impacted business performance.
Tickers: $UPST
Topics: class action lawsuit NASDAQ: UPST Securities Exchange Act of 1934 Upstart Holdings, Inc.