Investigation
SoFi Technologies, Inc. Investigation
NASDAQ: SOFI · Opened June 27, 2026 · Status: Investigation, no case filed
What the firm is investigating
The firm is investigating whether SoFi Technologies, Inc. accurately reported key financial metrics to investors, including how it classified certain borrowings, whether adjusted EBITDA was overstated, and whether personal-loan charge-off rates were fully disclosed.
In March 2026, a short-seller report by Muddy Waters Research alleged, among other things, that SoFi misclassified a $312 million borrowing and materially overstated adjusted EBITDA. Those are allegations by a short seller and have not been established. The firm is investigating whether the company's disclosures on these points were accurate and complete.
Who may be affected
Investors who purchased or held SoFi Technologies securities during the period the disclosures at issue were in effect.
What this means for you
You do not need to do anything to be part of the class. If a class action is filed and a class is later certified, investors who purchased during the class period are ordinarily class members without taking any action.
A lead plaintiff deadline is optional. It applies only to an investor who wants to ask the court to appoint them lead plaintiff, the investor who directs the case for the class.
Three deadlines matter later, and none of them is today's: a claim form is ordinarily required to be paid from a settlement; a class member who does not opt out by the deadline in the court's notice is bound by the result; and statutes of repose may bar an individual claim even while a class action is pending.
Contact
Lou Schwartz, Esq. · (918) 238-6445 · lou.schwartz@snalawyers.com
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