Sezzle Inc. is under investigation by Pomerantz LLP for potential securities fraud and unlawful business practices following the sudden resignation of board member Karen Webster. Webster cited disagreements with management over the company's direction and governance as reasons for her departure. The news caused Sezzle's stock to fall 13.61%, closing at $59.71 per share. The investigation could lead to legal action and impact investor confidence further.
Klarna's stock surged about 15% following its Q1 2026 earnings report, which showed a 44% revenue increase to $1 billion and a swing to adjusted operating profit of $68 million from near break-even last year. The company also reported positive net in...
The U.S. District Court for Minnesota partially denied Shopify's motion to dismiss Sezzle's antitrust lawsuit, allowing key claims including monopolization and restraint of trade to move forward. However, the court dismissed Sezzle's unlawful tying c...
Sezzle Inc. announced a new $300 million receivables funding facility with Mesirow Alternative Credit, doubling its previous $150 million facility. The refinancing reduces Sezzle's cost of capital by nearly 290 basis points to SOFR plus 3.86% and inc...
