Klarna Faces Expanding IPO Lawsuits With Firms Courting Investors Before Feb. 20 Deadline

Overview

• The Law Offices of Howard G. Smith joined a growing roster of firms inviting Klarna IPO investors with losses to seek lead-plaintiff roles by February 20, 2026.
• Rosen Law Firm says it has filed a class action tied to Klarna’s September 2025 offering, while Schall Law Firm and DJS Law Group announced similar actions and outreach.
• Hagens Berman highlighted the pending case styled Nayak v. Klarna Group plc in the Eastern District of New York and continues to investigate potential claims.
• Complaints claim the IPO materials understated the likelihood of rising loss reserves given Klarna’s BNPL customer risk profile and loan mix.
• Plaintiffs point to Klarna’s November disclosure of a 102% year-over-year increase in Q3 provisions for credit losses and a share-price drop to $31.63, about 20% below the $40 IPO price, and note that no class has been certified.