Klarna(US:KLAR) Businesswire·2026-02-20 14:16Core Viewpoint - Faruqi & Faruqi, LLP is reminding investors of Klarna Group plc about the deadline for a securities class action lawsuit, emphasizing potential claims related to misleading statements made by the company regarding its financial health and risk management [1]. Group 1: Legal Action and Deadlines - The deadline for investors to seek the role of lead plaintiff in the class action against Klarna is set for February 20, 2026 [1]. - Faruqi & Faruqi, LLP is investigating claims against Klarna, alleging violations of federal securities laws due to false or misleading statements regarding loss reserves [1]. Group 2: Financial Performance and Impact - Klarna reported a net loss of $95 million in its third quarter, with provisions for loan losses amounting to $235 million, exceeding analyst estimates of $215.8 million [1]. - Provisions for loan losses represented 0.72% of gross merchandise volume, an increase from 0.44% a year ago, indicating a rising concern over credit risk [1]. - Following the release of this financial information, Klarna's stock experienced a decline of 9.3% on November 18, 2025 [1].