5 legal teams vie to lead Fintech Co. Upstart Investor Suit

By Emilie Ruscoe (July 13, 2022, 6:47 p.m. EDT) – Five legal teams want to represent investors in a proposed class action lawsuit alleging online loan underwriter Upstart misled them about the predictive capabilities of its intelligence technology artificial, leading to the company taking out “decreasingly creditworthy loans” as interest rates and inflation rose.

Kessler Topaz Meltzer & Check LLP, Glancy Prongay & Murray LLP, Motley Rice LLC, Robbins Geller Rudman & Dowd LLP and Bernstein Litowitz Berger & Grossmann LLP are among 11 firms that are part of five teams of lawyers who submitted offers Tuesday appointment of lead counsel. in federal court in Columbus, Ohio.

Bernstein Litowitz filed the original…

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