#USA #New York #Class Action #Levi & Korsinsky #Open Lending Corporation

Important Deadline for Open Lending Corporation Investors

On May 16, 2025, Levi & Korsinsky, LLP, announced that investors in Open Lending Corporation (NASDAQ: LPRO) should be aware of an important legal opportunity. A class action lawsuit has been initiated to recover losses for shareholders affected by alleged securities fraud occurring between February 24, 2022 and March 31, 2025.

What You Need to Know

The law firm outlines that if you are an investor in Open Lending Corporation who has suffered losses during this time period, you must act quickly. The deadline to request to be appointed as lead plaintiff is June 30, 2025. However, participation in the action does not necessitate taking on the role of lead plaintiff to recover any potential compensation.

Allegations Against Open Lending Corporation

The class action seeks to address a range of serious claims against the company and its management. According to the filed complaint:

1. Misrepresentation of Capabilities: The defendants allegedly provided misleading information regarding the Company’s risk-based pricing models.
2. False Statements about Revenue: They purportedly issued materially misleading statements concerning the Company’s profit share revenue.
3. Concealment of Loan Value: It is claimed that they failed to disclose significant reductions in the worth of the Company's vintage loans from 2021 and 2022.
4. Underperformance Issues: Additionally, the underperformance of the Company’s vintage loans from 2023 and 2024 was allegedly misrepresented.

Due to these actions, the positive statements made by the defendants about the business and its operations are said to lack a reasonable basis and be materially misleading.

How to Get Involved

If you believe you qualify as a class member, you can reach out for further information and advice on your legal rights. There are no costs associated with participating in this class action, and no fees will be taken from any recovery obtained, making it a risk-free opportunity for affected shareholders.

Contact Information:
For additional details, investors are encouraged to contact Joseph E. Levi, Esq., through email or phone:

• - Email: [email protected]
• - Phone: (212) 363-7500

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a strong track record, having secured hundreds of millions of dollars for shareholders over the past two decades. Their team, consisting of over 70 experienced professionals, specializes in complex securities litigation, ensuring they are well-equipped to handle high-stakes cases. For seven consecutive years, the firm has been recognized in ISS Securities Class Action Services' Top 50 Report, highlighting their expertise in the field.

Conclusion

The complexities surrounding securities fraud cases necessitate informed and timely action by investors. If you have experienced a financial loss related to Open Lending Corporation, ensure you comply with the upcoming deadlines and consider your eligibility to join this class action lawsuit. By doing so, you can stand up against misleading practices and seek restitution for your investments.