CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Upstart Investors of a Lead Plaintiff Deadline of July 12, 2022

Published: Jun. 27, 2022 at 4:15 PM EDT

NEW YORK, June 27, 2022 /PRNewswire/ -- Attention Upstart, Inc. ("Upstart") (NASDAQ: UPST) shareholders:

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 18, 2021 and May 9, 2022.

If you suffered a loss on your investment in Upstart, contact us about potential recovery by using the link below. There is no cost or obligation to you.

ABOUT THE ACTION: The class action against Upstart includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) Upstart's AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans; (2) as a result, Upstart was experiencing a negative impact on its conversion rate; (3) as a result, the Company was reasonably likely to use its balance sheet to fund loans; and (4) 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.

DEADLINE: July 12, 2022

Aggrieved Upstart investors only have until July 12, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com

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SOURCE The Law Offices of Vincent Wong

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