#United States #New York #Class Action #Levi & Korsinsky #Open Lending Corporation

Call for Investors: Open Lending Corporation Class Action

Open Lending Corporation (NASDAQ: LPRO) stakeholders are facing a challenging time as Levi & Korsinsky, LLP announces a class action lawsuit aimed at compensating investors for potential losses incurred. The lawsuit targets alleged securities fraud that transpired between February 24, 2022, and March 31, 2025.

Understanding the Situation

Recent allegations state that Open Lending Corporation misled investors regarding its risk-based pricing models. Investors who relied on optimistic projections about profits and loan performance may have found themselves financially disadvantaged. Key claims involve misreported capabilities of pricing models and false statements about profit-sharing and the company's revenue from vintage loans, which reportedly are now worth less than their outstanding balances.

Legal Action Details

Levi & Korsinsky is extending an invitation to affected investors to consider joining the class action. Those interested are encouraged to reach out before the deadline on June 30, 2025, to potentially serve as a lead plaintiff. Notably, participating in the lawsuit does not require one to take on the lead role in court proceedings.

The firm assures investors that any individual who participates faces no potential costs, directly addressing concerns about financial burden during this difficult time. This is a significant clarion call for those who feel misled by the company's actions or lack of transparency regarding its financial health.

How to Get Involved

To find out more about the class action process or to express interest in participating, investors can visit the specified link on Levi & Korsinsky’s website or reach out directly through email or phone. The legal team is prepared to assist and guide this process, ensuring the affected parties have clarity on their options moving forward.

The Importance of Legal Expertise

Levi & Korsinsky is no stranger to complex securities litigation. Over the last two decades, the firm has secured hundreds of millions for aggrieved shareholders, consistently appearing in ISS Securities Class Action Services' Top 50 Reports. Their established reputation is reinforced by a dedicated team of over 70 professionals committed to safeguarding investors' rights.

Conclusion

Investors in Open Lending Corporation should not navigate this situation alone. There are pathways available to seek justice and recover losses experienced due to alleged fraud. Engaging with Levi & Korsinsky could be a vital step for many who have been impacted by this unfortunate situation. Hoping for a successful and equitable outcome, the class action serves as a beacon of optimism for those hurt in the process.