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Klarna IPO Investors Pressed to Seek Lead Role in Credit-Risk Suit as Feb. 20 Deadline Nears

The suits contend Klarna’s IPO filings understated credit-loss exposure that surfaced in November’s results.

Overview

  • Kahn Swick & Foti, Rosen, Hagens Berman, Glancy Prongay & Murray, Schall, DJS, Bernstein Liebhard, The Gross Law Firm, ClaimsFiler, and Kirby McInerney issued notices recruiting lead-plaintiff applicants.
  • The case is pending in the Eastern District of New York as Nayak v. Klarna Group plc, No. 25-cv-7033.
  • The putative class covers purchasers of Klarna securities pursuant and/or traceable to the September 10, 2025 IPO.
  • Plaintiffs allege the registration statement understated the likelihood that loss reserves would rise within months given the BNPL customer profile, rendering statements false or misleading.
  • Notices cite Klarna’s Nov. 18, 2025 report showing a 102% year-over-year jump in credit-loss provisions and a share drop of about 9% that day, with the stock later trading well below its $40 IPO price; no class has been certified.