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KLAR INVESTIGATION ALERT: Edelson Lechtzin LLP Announces an Investigation of Klarna Group plc (NYSE: KLAR) and Encourages Investors with Substantial Losses to Contact the Firm
Prnewswire· 2025-12-09 20:27
Company Overview - Klarna Group plc is a prominent fintech player offering flexible payment tools, including buy now pay later, direct pay, and installment options [3] Allegations and Financial Performance - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving Klarna Group plc due to allegations of providing potentially misleading business information to investors [1] - On November 18, 2025, Klarna reported a record third-quarter revenue that exceeded market expectations in its first earnings report as a publicly traded company [4] - Despite the strong revenue performance, Klarna posted a net loss of $95 million, primarily due to increased provisions for potential credit losses [4] - Provisions for potential credit losses rose to 0.72% of gross merchandise volume, up from 0.44% the previous year, with total provisions reaching $235 million, significantly above analyst estimates of $215.8 million [4] - Following the earnings report, Klarna's stock price fell by 9.3% on November 18, 2025 [5]