Core Viewpoint - Klarna Group plc is facing a securities class action lawsuit for failing to disclose material information during its IPO, which has led to substantial losses for investors [1][3]. Group 1: Lawsuit Details - Investors who purchased Klarna's securities during its September 2025 IPO have until February 20, 2026, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the Eastern District of New York, under the case name Nayak v Klarna Group Plc., et al., No. 25-cv-7033 [3][5]. - The allegations include that Klarna materially understated the risk of increasing loss reserves shortly after the IPO, which was known or should have been known to the company [4]. Group 2: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the investors in this case [5]. - The firm has been recognized among the top 10 nationally based on total settlement value, indicating its strong reputation in handling securities litigation [5].
Klarna Group plc Securities Class Action Result of Understated Risks and 28% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC