Klarna Faces Multiple Investor Lawsuits Over IPO Disclosures After Credit-Loss Shock

Overview

• Competing class actions in the Eastern District of New York allege Klarna understated credit-loss risk in its September 2025 IPO materials.
• Filings and solicitations from Rosen, Schall, DJS Law Group, Hagens Berman, Howard G. Smith, and Kahn Swick & Foti seek investors to move for lead plaintiff by Feb. 20, 2026.
• Complaints cite Klarna’s Nov. 18 results showing a 102% year-over-year jump in provisions for credit losses and wider operating losses.
• Klarna’s shares, offered at $40 in the IPO for over 34 million shares, closed at $31.63 on Nov. 18, about 20% below the offering price, according to case materials.
• No class has been certified and firms note investors are not represented unless they retain counsel, with some also inviting potential whistleblower tips.