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News  ›  GlobeNewswire Inc.

KLAR Investors Have Opportunity to Join Klarna Group plc Fraud Investigation with the Schall Law Firm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Schall Law Firm
KLAR Investors Have Opportunity to Join Klarna Group plc Fraud Investigation with the Schall Law Firm

The Schall Law Firm is investigating Klarna Group plc for potential securities law violations following a Bloomberg report revealing the company posted record revenue but a net loss of $95 million with higher-than-expected loan loss provisions of $235 million. The stock fell 9.3% following the earnings announcement, prompting the law firm to invite shareholders to join the investigation.

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KLAR   negative

The company reported record revenue but posted a net loss of $95 million with loan loss provisions significantly exceeding analyst estimates ($235M vs $215.8M expected). The 9.3% stock decline and subsequent fraud investigation indicate investor concerns about undisclosed credit quality deterioration and potential misleading financial disclosures.