Investors Urged to Lead Class Action Against Open Lending Corporation Following Securities Fraud Allegations

Investors Urged to Lead Class Action Against Open Lending Corporation



The Rosen Law Firm, globally recognized for protecting investor rights, is reaching out to investors of Open Lending Corporation (NASDAQ: LPRO) who purchased securities during a critical period between February 24, 2022, and March 31, 2025. This communication comes in light of serious allegations suggesting securities fraud within the company.

Important Deadline Approaching


Investors who bought shares of Open Lending Corporation during the specified timeframe are reminded about the impending deadline of June 30, 2025, to act as lead plaintiffs in a class action lawsuit. Being a lead plaintiff means you will represent other investors in guiding the litigation process.

Joining this class action does not require any out-of-pocket costs for the investor. The Rosen Law Firm operates on a contingency fee basis, meaning they only get paid if the case is successful. For more detailed information on participation, investors are encouraged to visit Rosen Law Firm's website or contact Phillip Kim, an accomplished attorney, at 866-767-3653.

Allegations of Misleading Practices


The allegations outlined in the lawsuit state that Open Lending Corporation was involved in making materially false and misleading statements about numerous aspects of its operations and effectiveness. Specifically, claims include:
1. Misrepresentation of the company’s risk-based pricing models.
2. Inaccurate statements regarding their profit-sharing revenue.
3. Failing to disclose that Open Lending's vintage loans for 2021 and 2022 had significantly decreased in value.
4. Misrepresentation regarding the performance of their vintage loans from 2023 and 2024.
5. Overall claims that the positive narratives shared about Open Lending were without a reasonable basis, ultimately leading to losses for investors when the truths were revealed.

The implications of these statements can be significant, causing considerable financial damage to investors who trusted in the positive outlook of the company.

The Importance of Choosing Qualified Counsel


Rosen Law Firm emphasizes the importance of selecting competent and experienced legal counsel when addressing securities class actions. They spotlight the risks of choosing less qualified firms that merely act as middlemen, potentially compromising the recovery process for affected investors. The firm's track record is notable, having achieved the largest-ever class action settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements.

In 2019 alone, Rosen Law Firm secured more than $438 million for their clients, emphasizing their commitment to effective legal representation. Their founding partner, Laurence Rosen, has been recognized by industry leaders and peers, highlighting the firm's prominence in the legal space.

For more information on how to join the Open Lending class action, visit Rosen Law Firm's website or reach out to their experienced attorneys directly. Until a class is officially certified, individuals may opt to remain silent participants or choose counsel of their own.

Stay Updated


To keep abreast of further developments regarding this case, follow Rosen Law Firm on social media platforms such as LinkedIn, Twitter, and Facebook.

Attorney Advertising: Past results do not guarantee similar outcomes. Investors must act swiftly before the June 30th deadline to ensure their voices are heard in this significant matter.

Topics Financial Services & Investing)

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