An investigation on behalf of current long term investors in Upstart Holdings, Inc. (NASDAQ:UPST) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWire) -- 09/14/2022 --Certain directors of Upstart Holdings, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who are current long term investors in Upstart Holdings, Inc. (NASDAQ: UPST) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: UPST stocks follows a lawsuit filed against Upstart Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: UPST stocks, concerns whether certain Upstart Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that 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:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.