Plaintiff Firms Step Up Klarna IPO Case as Lead‑Plaintiff Deadline Nears

Overview

• Faruqi & Faruqi and Hagens Berman issued new notices on Jan. 23 urging investors who bought Klarna shares in the September 2025 IPO to consider moving for lead plaintiff by Feb. 20, 2026.
• Robbins Geller confirmed the case is filed in the Eastern District of New York as Nayak v. Klarna Group plc, alleging Securities Act violations tied to the September 10, 2025 offering.
• The complaints allege Klarna understated the likelihood that loss reserves would soon increase and misled investors about lending to financially vulnerable consumers, including loans for non‑durable goods.
• Press materials cite Klarna’s Nov. 18, 2025 results showing a $95 million net loss, provisions for loan losses of $235 million, and provisions at 0.72% of GMV versus 0.44% a year earlier, with shares dropping 9.3% that day.
• Hagens Berman highlights a reported 102% year‑over‑year jump in credit‑loss provisions shortly after the IPO and notes the stock later traded nearly 22% below the $40 offer price, while firms solicit whistleblower tips.