Core Viewpoint - Klarna Group plc is facing a lawsuit for securities law violations related to its initial public offering (IPO) on September 10, 2025, with allegations of materially false and misleading statements regarding loss reserves [1][1][1] Summary by Relevant Sections Allegations - The lawsuit claims that Klarna's defendants materially understated the risk of increased loss reserves shortly after the IPO, which they either knew or should have known due to the risk profile of customers using Klarna's buy now, pay later loans [1][1] - It is alleged that the public statements made by the defendants were materially false and misleading at all relevant times and were negligently prepared [1][1] Class Period and Deadlines - The class period for the lawsuit includes individuals who purchased Klarna securities pursuant to the registration statement and related prospectus issued during the IPO [1][1] - Shareholders are encouraged to register for the class action by February 20, 2026, to participate in potential recovery [1][1] Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [1][1] - There is no cost or obligation for shareholders to participate in the case [1][1]
Klarna Group plc Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - KLAR