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Chancery Suit Alleges Insider Trading At AI Lending Startup

By Jeff Montgomery ( October 18, 2023, 8:11 PM EDT) -- A stockholder of artificial intelligence-guided auto-loan matchmaker Upstart Holdings has launched a derivative damages suit in Delaware's Court of Chancery accusing the company's insiders and an underwriter of cashing out $2. 7 billion worth of shares before the company drove over a financial cliff. . . .

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