Opportunity for LPRO Investors to Initiate Open Lending Corporation Fraud Case

Investors who purchased securities of Open Lending Corporation (NASDAQ: LPRO) during the specified class period from February 24, 2022, to March 31, 2025, are being urged by the Rosen Law Firm, a prominent global investor rights law firm, to consider stepping forward as lead plaintiffs in a class action lawsuit. This urgent notice comes with a crucial deadline set for June 30, 2025.

Why This Matters

If you acquired Open Lending securities during the aforementioned timeframe, you may be eligible for compensation. What makes this opportunity particularly appealing is that those who join the class action lawsuit can do so without incurring any out-of-pocket expenses due to the firm's contingency fee arrangement.

Steps to Participate

For those interested in becoming part of this legal action, the process is straightforward. Investors can visit the Rosen Law Firm’s website (https://rosenlegal.com/submit-form/?case_id=39014) or directly contact Phillip Kim, Esq. at 866-767-3653. Email inquiries can also be sent to [email protected] for additional information. Notably, a lawsuit has already been filed, and aspiring lead plaintiffs must file a motion with the court no later than June 30, 2025. A lead plaintiff represents other class members and guides the litigation.

Selecting the Right Legal Representation

The Rosen Law Firm encourages investors to select experienced counsel with a successful track record in securities litigation. Many firms that send out notifications may lack the necessary experience, resources, or significant recognition in the field. In many instances, these firms serve merely as intermediaries, partnering with more capable attorneys for actual litigation. It's crucial for investors to be discerning in their choice of legal representation.

The Achievements of Rosen Law Firm

Rosen Law Firm has established a reputation for success in the realm of securities class actions and shareholder derivative lawsuits. They have achieved notable settlements, including what was once the largest securities class action settlement against a Chinese company at the time. The firm was recognized as the leading firm for securities class actions in 2017 by ISS Securities Class Action Services and has consistently ranked highly in subsequent years.

In 2019, the firm secured a remarkable $438 million on behalf of investors and was recognized by Law360 as a Titan of the Plaintiffs' Bar in 2020. Many attorneys within the firm have also received accolades from Lawdragon and Super Lawyers, further substantiating their reputation and expertise.

Overview of the Case

According to the complaint filed, the defendants associated with Open Lending Corporation misled investors throughout the class period. They made materially false statements and failed to disclose significant adverse information regarding the company's operations and overall business health. Specific allegations include misrepresentations about Open Lending's risk-based pricing capabilities, misleading profit share revenue statements, and omission of the decline in the value of vintage loans from 2021 and 2022, which had fallen substantially below their loan balances. Similarly, inaccuracies concerning the performance of more recent loans from 2023 and 2024 have also been highlighted. Consequently, the misleading nature of these statements significantly impacted investor perceptions and led to financial losses when the truth surfaced.

Important Notice for Investors

It’s crucial to understand that, although a class has not yet been certified, investors are encouraged to take action. Those who do not seek representation by counsel can choose to remain absent from the class at this stage. However, it should be noted that participation as a lead plaintiff is not necessary for an investor to benefit from any potential future recovery related to this case.

For ongoing updates regarding the lawsuit, interested parties can follow the Rosen Law Firm on LinkedIn, Twitter, and Facebook.

Conclusion

In summary, the opportunity for LPRO investors to join the Open Lending Corporation securities fraud lawsuit is significant. With a clear path laid out by the Rosen Law Firm, investors are encouraged to evaluate their options carefully and consider stepping forward before the impending deadline.

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Website: www.rosenlegal.com