NEW YORK--(BUSINESS WIRE)--Dec 23, 2025--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Klarna Group plc (“Klarna” or the “Company”) (NYSE: KLAR) and reminds investors of the February 20, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251223573996/en/
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants materially understated the risk that its loss reserves would materially go up within a few months of the IPO, which they either knew of or should have known of given the risk profile of many individuals agreeing to Klarna’s buy now, pay later (“BNPL”) loans; and (2); as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.
On November 18, 2025, Yahoo! Finance posted an article entitled "Klarna Revenue Surges Yet Longer Loans Trigger Provisions" on its website. The article, originally published on Bloomberg, stated that Klarna "reported record revenue that beat estimates for its third quarter, while setting aside more provisions for credit losses, in its first set of earnings since going public."
The article stated that Klarna "posted a net loss of $95 million, as the firm set aside more money for potentially souring loans. The company said provisions represented 0.72% of gross merchandise volume, up from 0.44% a year ago. Provisions for loan losses came in at $235 million, above analyst estimates of $215.8 million."
On this news, Klarna stock fell 9.3% on November 18, 2025.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Klarna’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Klarna class action, go to www.faruqilaw.com/KLAR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Klarna Group plc
WASHINGTON (AP) — The U.S. Justice Department has released tens of thousands more documents related to Jeffrey Epstein, a tranche that included multiple mentions of President Donald Trump but added little new revelatory information to the long-anticipated public file on the late financier and convicted sex offender.
The release is the most voluminous so far and comes after a massive public campaign for transparency into the U.S. government’s Epstein investigations.
Many of the mentions of Trump in the file came from news clippings, though it includes an email from a prosecutor pointing out the flights that Trump took on Epstein’s private jet during the 1990s.
The two men were friends for years before a falling out. Trump has not been accused of wrongdoing in connection with Epstein. The Justice Department issued a statement that some documents contain “untrue and sensationalist claims” about Trump made shortly before the 2020 election.
Here are some takeaways:
Among the mentions of Trump in the latest batch of the Epstein files is a note from a federal prosecutor from January 2020 that said Trump had flown on the financier’s private plane more often than had been previously known.
An assistant U.S. attorney from the Southern District of New York said in an email that flight records the office received on Jan. 6, 2020, showed that Trump was on Epstein’s jet “many more times than previously has been reported (or that we were aware).”
The prosecutor who flagged the Trump mentions in the flight logs said they did so because lawyers “didn’t want any of this to be a surprise down the road.”
His travels on Epstein’s plane spanned the time that would likely be covered in any criminal charges against Epstein’s co-conspirator, Ghislaine Maxwell. Trump was listed as a passenger on at least eight flights between 1993 and 1996, and on at least four of those flights, Maxwell was also there, according to the email.
On one of those eight flights, in 1993, Trump and Epstein were the only two passengers listed in the flight logs. On another flight, the three passengers listed in records are Epstein, Trump, and a redacted individual, who was 20 years old at the time. Two other flights included two women -- whose names were redacted in follow-up emails — identified as potential witnesses in a Maxwell case.
Several additional Trump trips on Epstein’s plane had been previously disclosed during Maxwell’s criminal proceedings.
Asked for comment about the email, the White House pointed to a Justice Department statement saying Monday’s release contained “unfounded and false” claims against the president submitted to the FBI shortly before the 2020 election, but they were nevertheless being released for full transparency.
The Justice Department specifically raised questions about the validity of a document mentioning Trump that was styled as a letter from Epstein to Larry Nassar, the sports doctor convicted of sexually abusing Olympic athletes. The department pointed out that it was processed three days after Epstein's death.
Meanwhile, the latest release also shows that Mar-a-Lago, Trump’s southern Florida club, was served with a subpoena in 2021 for its employment records. The disclosure came as part of an email chain in which lawyers for the Southern District of New York and an attorney in touch with representatives for the Trump Organization discussed the employment status of someone whose name was redacted.
Trump complained that the files were a distraction from the work he and other Republicans are doing for the country.
Speaking during an unrelated event at his Mar-a-Lago home in Palm Beach, Florida, on Monday, the president blamed Democrats and some Republicans for the controversy.
“What this whole thing is with Epstein is a way of trying to deflect from the tremendous success that the Republican Party has,” Trump said.
He also expressed frustration about the famous people shown with Epstein in photos released by the Justice Department — people who he said may not have known him but ended up in the shot anyway.
“You probably have pictures being exposed of other people that innocently met Jeffrey Epstein years ago, many years ago. And they’re, you know, highly respected bankers and lawyers and others,” Trump said.
Well-known people shown in the files include former President Bill Clinton, the late pop star Michael Jackson and singer Diana Ross. The mere inclusion of someone’s name or images in files from the investigation does not imply wrongdoing.
The latest release also includes files that put the U.K.'s former Prince Andrew back in the headlines.
Among those documents is correspondence between Maxwell and someone who signs off with the initial “A.”
The email exchange includes other references that suggest Maxwell’s correspondent may be Andrew. He did not immediately respond to a request for comment.
The August 2001 email from someone identified only as “The Invisible Man,” said he is “up here at Balmoral Summer Camp for the Royal Family,” an apparent reference to the Scottish estate where the royal family have traditionally taken their late summer holidays.
“A” writes: “How’s LA? Have you found me some new inappropriate friends?”
The writer says he has left “the RN” and refers to the challenges of looking after “the Girls.” Andrew retired from the Royal Navy in 2001 and has two daughters.
Andrew, one of King Charles III’s younger brothers, was stripped of the right to be called a prince and his other royal titles and honors in October, amid continued publicity about his links to Epstein and concerns about the potential damage to the rest of the royal family. He is now known as Andrew Mountbatten-Windsor.
Andrew has repeatedly denied committing any crimes, including having sex with Virginia Giuffre, who alleged that she was trafficked by Epstein and had sex with Andrew when she was 17.
Trump tried for months to keep the records sealed before relenting to political pressure, including from some fellow Republicans, though he eventually signed a bill mandating the release of most of the Justice Department’s files on Epstein.
Monday's release was the biggest dump yet, including nearly 30,000 more pages. The data released by the law's Friday deadline contained a fraction of that amount, mostly photographs taken during FBI searches of Epstein’s homes.
The new cache includes news clippings, emails and surveillance videos from the New York jail where Epstein was held before taking his own life in 2019, much of which was already in the public domain.
The law called for the files to be released within 30 days, but the Justice Department has instead released them in stages starting Friday. Officials have said they’re going slowly to protect victims, though some women assaulted by Epstein have spoken out publicly to call for greater transparency.
And the administration is facing fierce accusations that it is withholding too much information. Senate Minority Leader Chuck Schumer, D-N.Y., said the tens of thousands of files released still left “more questions than answers.” He pointed to a 2019 FBI email that mentions 10 people under investigation as possible co-conspirators but contains few additional details.
Associated Press writer Darlene Superville in Washington and Danica Kirka in London contributed to this report.
President Donald Trump arrives on Air Force One at Palm Beach International Airport, Saturday, Dec. 20, 2025, in West Palm Beach, Fla. (AP Photo/Alex Brandon)
