Klarna Faces Competing Investor Class Actions Over IPO Disclosures as Lead-Plaintiff Race Begins

Overview

• Berger Montague says it has filed a class action on behalf of investors who bought Klarna shares from September 7 through December 22, 2025, including IPO purchasers.
• Complaints allege the IPO registration materials understated the likelihood that loss reserves would rise given the risk profile of buy now, pay later borrowers.
• Rosen Law Firm issued a notice highlighting the case and inviting investors to seek lead‑plaintiff status by the court’s February 20, 2026 deadline.
• A separate notice from The Gross Law Firm also solicits investors who purchased securities traceable to the September 2025 offering.
• Filings cite reports on November 18, 2025 of increased provisions for credit losses and note Klarna shares trading at $31.31, below the $40 IPO price, while no class has yet been certified.