Class action lawsuit filed against Upstart over alleged misleading AI model claims affecting revenue forecasts

A class action lawsuit has been filed against Upstart Holdings, alleging the company made false and misleading statements about its AI model, Model 22. The lawsuit claims the model overreacted to negative economic signals, overstated loan approval accuracy, and negatively impacted revenue, making prior 2025 revenue guidance unreliable. Investors who bought shares between May and November 2025 and suffered losses are encouraged to contact the law firm Holzer & Holzer. The deadline to seek lead plaintiff status is June 8, 2026.