Klarna and Sallie Mae Face Legal Scrutiny Over Alleged Financial Misconduct
Los Angeles, Tuesday, 13 January 2026.
Filed January 13, 2026, these lawsuits allege both firms concealed critical financial risks, with Klarna accused of downplaying rising loss reserves merely four months after its September IPO.
Post-IPO Turbulence for Klarna
The legal action initiated by the Schall Law Firm on January 13, 2026, specifically targets Klarna Group plc (NYSE: KLAR) for alleged violations of federal securities laws [1]. The complaint focuses on investors who purchased securities in connection with the company’s Initial Public Offering (IPO), which took place on September 10, 2025 [1]. At the heart of the lawsuit is the allegation that Klarna made false and misleading statements to the market, effectively downplaying the risks associated with increasing loss reserves shortly after its public debut [1]. This legal challenge arrives as the stock faces downward pressure; as of January 12, 2026, Klarna’s share price stood at $29.99, representing a daily decline of 1.993% [alert! source states -2.00%, calculation approximates this] or $0.61 [3].
Delinquency Disclosures at Sallie Mae
Parallel to the scrutiny facing Klarna, the Schall Law Firm also announced a class action lawsuit against student loan provider SLM Corporation, commonly known as Sallie Mae (SLM), on January 13, 2026 [2]. This complaint addresses a specific class period for investors who acquired securities between July 25, 2025, and August 14, 2025 [2]. The lawsuit alleges that SLM failed to disclose critical deterioration in its loan portfolio, specifically claiming that the company suffered from increased early-stage delinquencies while overstating its loss mitigation abilities [2].
Critical Deadlines for Investors
For shareholders believing they have suffered losses due to these alleged misrepresentations, the window to participate as a lead plaintiff is limited. Investors involved in the SLM Corporation litigation must contact the firm by February 17, 2026 [2]. Meanwhile, those participating in the Klarna Group plc lawsuit have a deadline of February 20, 2026, to file necessary motions [1]. Both actions are being managed by the Schall Law Firm, which specializes in securities class action lawsuits and shareholder rights litigation [1].