Law Firms Press Lead-Plaintiff Drive in Klarna IPO Class Action

Overview

• The filed case, Nayak v. Klarna Group plc (No. 25-cv-07033, E.D.N.Y.), targets the company, certain executives and directors, and IPO underwriters under the Securities Act of 1933.
• Complaints allege Klarna’s registration statement understated credit risks and the likelihood that loss reserves would rise soon after the September 2025 offering.
• Klarna’s November 18, 2025 report showed a 102% year-over-year jump in credit-loss provisions to $235 million and a net loss of $95 million, with provisions at 0.72% of GMV and above analyst estimates.
• The stock traded well below the $40 IPO price following the disclosure, closing about $31.63 on the day of the report.
• Hagens Berman, The Schall Law Firm, DJS Law Group, Robbins LLP, Levi & Korsinsky, Block & Leviton, Robbins Geller, and Glancy Prongay are soliciting lead-plaintiff candidates, with most citing a Feb. 20 deadline and some listing Mar. 6; no class has been certified.