#USA #New York #Levi Korsinsky #Open Lending Corp #NASDAQ LPRO

Levi & Korsinsky Alerts Investors of Lead Plaintiff Deadline

Levi & Korsinsky, LLP, a law firm specializing in securities litigation, has issued an important notice to investors concerning Open Lending Corporation (NASDAQ: LPRO). The firm has announced that there is a lead plaintiff deadline set for June 30, 2025, related to a class action securities lawsuit. This notice serves as a vital call to action for those who have experienced financial losses connected to Open Lending during a specified timeframe.

Understanding the Class Action

This particular lawsuit seeks to address allegations of securities fraud that adversely affected investors in Open Lending Corporation from February 24, 2022, to March 31, 2025. The primary aim of the class action is to recover losses incurred by shareholders who may have been misled by the company's fraudulent claims and misleading information regarding its operational capabilities and financial health.

The filed complaint indicates that Open Lending's management misrepresented critical aspects of its business. Among the major issues reported were misleading statements about the company's risk-based pricing models, inaccuracies regarding profit share revenue, and a lack of transparency regarding the declining value of vintage loans for the years 2021 and 2022. Furthermore, it was claimed that there was a misrepresentation of the company’s financial performance for the vintages of loans originating in 2023 and 2024.

These allegations hint at a broader issue of accountability within corporate practices, particularly the need for companies to provide accurate and honest information to their investors. The disclosures made by Open Lending were found to be not just misleading but lacking in a reasonable basis, which is essential for maintaining investor confidence in the securities market.

Timeline for Investors

For shareholders who suffered losses during the above-mentioned period, time is of the essence. The cut-off date for potential lead plaintiffs to come forward is June 30, 2025. Those impacted are urged to take immediate action. It’s important to note that one does not have to be appointed as a lead plaintiff to share in any recovery awarded by the courts; hence, all affected shareholders should consider participating in the proceedings.

Cost-Free Recovery

Levi & Korsinsky emphasizes that for those classified as class members, there should be no financial burden associated with participating in this lawsuit. Investors will not be required to cover any out-of-pocket expenses or fees, alleviating concerns about financial risks in pursuing legal reimbursement.

This initiative underscores the firm’s dedication to securing justice and compensation for investors over the last two decades. Levi & Korsinsky has built a strong reputation, having recovered hundreds of millions of dollars for aggrieved shareholders throughout its establishment in challenging securities cases. With a robust team of over 70 professionals, the firm is well-equipped to navigate complex litigation scenarios.

About Levi & Korsinsky

With a track record of success, Levi & Korsinsky has been consistently recognized in the top tier of securities litigation firms in the United States for seven consecutive years, as noted in the ISS Securities Class Action Services' Top 50 Report. The firm operates from its New York City office, handling significant cases that can impact market dynamics and investor relations.

If you believe you have been affected by the actions of Open Lending Corporation and want to explore your legal options, you can reach out to Joseph E. Levi, Esq. via email at email protected] or by calling (212) 363-7500. Detailed information can also be found on their website at [www.zlk.com.

As the deadline approaches, it’s crucial for investors to stay informed and proactive in safeguarding their interests within the continuously evolving financial landscape.