Press release
Deadline on July 12th coming up in Lawsuit for Investors in Upstart Holdings, Inc. (NASDAQ: UPST)
A Deadline is coming up on July 12, 2022 in the lawsuit for certain investors in Upstart Holdings, Inc. (NASDAQ: UPST).
Investors who purchased shares of Upstart Holdings, Inc. (NASDAQ: UPST) have certain options and there are strict and short deadlines running. Deadline: July 12, 2022. NASDAQ: UPST stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Upstart Holdings, Inc. (NASDAQ: UPST) common shares between November 9, 2021, and May 9, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 9, 2021 and May 9, 2022, the Defendants failed to disclose to investors that Upstart's AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans, that, as a result, Upstart was experiencing negative impact on its conversion rate, that, as a result, the Company was reasonably likely to use its balance sheet to fund loans; and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
Those who purchased shares of Upstart Holdings, Inc. (NASDAQ: UPST) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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