#United States #New York #Rosen Law Firm #Open Lending #LPRO

LPRO Investors Have a Chance to Lead a Securities Fraud Lawsuit

Investors in Open Lending Corporation, traded under NASDAQ ticker LPRO, are facing a crucial moment as the Rosen Law Firm, a respected global advocate for investor rights, has prompted those who purchased shares between February 24, 2022, and March 31, 2025, to consider joining a securities fraud class action lawsuit. The firm emphasizes the importance of the upcoming lead plaintiff deadline set for June 30, 2025.

If you acquired shares during the Class Period, you could be entitled to compensation without incurring any fees upfront, thanks to a contingency fee arrangement.

Next Steps for Investors

To participate in this class action, interested parties can visit this link or contact Phillip Kim, Esq. by calling 866-767-3653 or emailing p.kim@rosenlegal.com for further information. Notably, a legal claim has already been filed on behalf of the affected investors. However, if you wish to take on the role of lead plaintiff, you must act before the June deadline. The lead plaintiff's role involves representing other class members in guiding the lawsuit through the legal process.

Why Choose Rosen Law Firm?

Rosen Law Firm encourages investors to seek qualified legal counsel with proven success in leading securities class action lawsuits. Many firms that distribute similar notices may lack the necessary experience, resources, or substantial recognition in the industry. Choosing the correct firm is critical since several may merely act as intermediaries rather than actively litigating the cases.

Rosen Law Firm stands out as it has successfully represented investors across the globe, focusing on securities class actions and shareholder derivative litigation. The firm has set records in the area, including achieving the largest securities class action settlement against a Chinese corporation at one time. Their track history is impressive, having been ranked No. 1 by ISS Securities Class Action Services for settlements in 2017 and consistently maintaining a top 4 position each year since 2013, recovering hundreds of millions of dollars for investors. In 2019 alone, the firm successfully secured more than $438 million for clients.

Details about the Lawsuit

According to the filed lawsuit, Open Lending Corporation is accused of making materially false and misleading statements throughout the Class Period and failing to disclose critical adverse information relevant to the company’s business operations and its future outlook. Specifically, the lawsuit outlines several claims against the company:
1. Misrepresentation concerning the effectiveness of Open Lending's risk-based pricing models.
2. Providing misleading statements about the company’s profit share revenue.
3. Not disclosing that the vintage loans from 2021 and 2022 were significantly less valuable than their outstanding balances.
4. Misrepresentation regarding the underperformance of the company’s vintage loans from 2023 and 2024.

As a result of these alleged misleading statements, the positive assertions about Open Lending's business and its future prospects were found to lack a reasonable basis. When the truth about these issues ultimately surfaced in the market, many investors incurred financial losses.

To be part of the Open Lending class action, interested investors should visit here for more information and to potentially join the action.

It's important to note that while no class has been certified yet, until that occurs, investors are not represented by any counsel unless they actively retain one. Investors can either choose to have their counsel or remain absent from class actions without repercussions on their potential share of any future recovery.

For ongoing updates regarding this case and more information about the Rosen Law Firm, follow them on LinkedIn, Twitter, or Facebook.

Remember: Attorney Advertising. Past results do not guarantee future outcomes.