MarketPulse

Model 22 underwriting system

2 articles
GlobeNewswire Inc.GlobeNewswire Inc.··Portnoy Law Firm

Upstart Stock Tanks on Model 22 Failures; Class Action Lawsuit Filed

Upstart Holdings faces class action lawsuit after stock plummeted following November disclosure of missed Q3 targets due to Model 22 underwriting system performance issues.
UPSTsecurities fraudclass action lawsuit
GlobeNewswire Inc.GlobeNewswire Inc.··Portnoy Law Firm

Portnoy Law Firm Launches Securities Fraud Investigation Into Upstart Holdings

Portnoy Law Firm investigates Upstart Holdings for securities fraud following November 5 disclosure that its Model 22 underwriting system underperformed, causing sharp stock decline and investor losses.
UPSTsecurities fraudclass action