#United States #New York #class action lawsuit #Bronstein Gewirtz #Open Lending Corp

Investor Alert Regarding Open Lending Corporation

In a significant development for investors of Open Lending Corporation (NASDAQ: LPRO), the nationally recognized law firm Bronstein, Gewirtz & Grossman, LLC, has announced the initiation of a class action lawsuit. This legal action comes as a response to substantial losses suffered by investors during a specified time frame, and it opens avenues for stakeholders to potentially recoup their losses through the court system.

Background of the Lawsuit

The lawsuit is aimed at compensating individuals and entities who purchased or acquired securities from Open Lending between February 24, 2022, and March 31, 2025. The primary allegation against Open Lending’s management is that they made materially false or misleading statements, and failed to disclose critical adverse information regarding the company's operations and future projections. This misinformation has resulted in significant financial damages to investors.

Key Allegations

The complaint outlines five main allegations against Open Lending:
1. Misrepresentation of the company's risk-based pricing capabilities.
2. Issuance of misleading statements regarding profit-sharing revenues.
3. Failure to disclose the true value of vintage loans from 2021 and 2022, which reportedly are worth much less than what is owed.
4. Misrepresentation surrounding the performance of loans from 2023 and 2024.
5. Overall, it is asserted that the positive declarations about the company lacked substantiation and were misleading to investors.

Next Steps for Investors

For those who have endured financial losses due to their investments in Open Lending, this class action lawsuit presents an opportunity to become involved. Investors are encouraged to check the details of the case and review the complaint, available on the law firm's official website (bgandg.com/LPRO). In addition, potential plaintiffs must act swiftly, as the court's deadline to request lead plaintiff status is June 30, 2025. Joining the case does not require individuals to serve as lead plaintiffs to benefit from any recovery that may be awarded by the court.

No Upfront Costs

Bronstein, Gewirtz & Grossman operates on a contingency fee basis, meaning that affected investors can proceed without bearing initial legal costs. The firm will only seek reimbursement for expenses and attorney fees contingent on the successful recovery of settlement amounts. This model allows investors to navigate their claims with less financial burden during this process.

Why Choose Bronstein, Gewirtz & Grossman?

Bronstein, Gewirtz & Grossman is a well-established firm specializing in representing investors during class action lawsuits relating to securities fraud and shareholder derivative suits. Their extensive experience has allowed them to recover substantial settlements for investors nationwide, totaling hundreds of millions of dollars. Investors are encouraged to stay updated with the firm’s progress by following their social media channels on LinkedIn, X, Facebook, or Instagram.

In conclusion, the investors of Open Lending Corporation facing significant financial challenges are urged to explore their legal options and consider participating in the class action lawsuit. This initiative not only aims to address individual grievances but also holds corporations accountable for their disclosures and operations in the financial market.

For further information, investors can reach out to Peretz Bronstein or Nathan Miller at Bronstein, Gewirtz & Grossman by calling 332-239-2660 or emailing [email protected]