Investors Urged to Participate in Open Lending Lawsuit Ahead of Lead Plaintiff Deadline

Legal Update for Open Lending Investors

In a significant announcement, Levi & Korsinsky, LLP has reminded investors of Open Lending Corporation (NASDAQ: LPRO) about a pending class action securities lawsuit. The class action aims to recover losses for investors adversely impacted by alleged securities fraud pertaining to the company’s activities from February 24, 2022 to March 31, 2025.

Class Action Details

The lawsuit involves a range of claims against Open Lending regarding discrepancies in statements made by the company's representatives. It alleges that the defendants misrepresented critical aspects of the business, such as its risk-based pricing models and profit share revenue. Furthermore, it claims that there were undisclosed issues related to the company's vintage loans from 2021 and 2022, which drastically decreased in value.

Your Rights as an Investor

If you have suffered losses as an investor in Open Lending during the specified period, you have until June 30, 2025, to file your request for lead plaintiff status in the case. Engaging in this legal proceeding is an opportunity to potentially recover losses without incurring any out-of-pocket costs. Those wishing to participate can reach out to Joseph E. Levi, Esq. via his contact information provided in their correspondence.

Why Participate?

Levi & Korsinsky brings with it over 20 years of experience in securing financial recoveries for shareholders affected by corporate misconduct. Their dedicated team has successfully handled a variety of high-stakes litigation cases, solidifying their position as one of the leading firms in securities law.

Furthermore, investors engaging with this firm have historically seen favorable outcomes. It’s crucial for shareholders to understand that not only can you participate as a class member, but doing so does not require you to take on additional legal burdens.

Ongoing Support

The firm offers support to all class members at no financial cost upfront, ensuring that economic obstacles do not hinder individuals from seeking justice. Previous clients have lauded the firm's proactive approach and its results-oriented methods in navigating the complexities of securities litigation.

Next Steps to Take

Affected investors should gather relevant documents regarding their investments in Open Lending Corporation and may wish to consult with legal advisors to ensure that they are informed about their rights and the ramifications of the lawsuit. By filing a request by the June deadline, investors position themselves to potentially be among those who benefit from any future compensatory decisions that arise from the class action suit.

In summary, if you are or were an investor in Open Lending Corporation within the defined time frame, now is the time to act. Reach out to Levi & Korsinsky to learn more about your options and to ensure that your voice is heard through this legal process. Don’t miss the chance to recover potential losses and hold those accountable who may have misled shareholders throughout this period.

For further information and inquiries, you can contact:
Joseph E. Levi, Esq.
Levi & Korsinsky, LLP
Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Website: www.zlk.com