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Open Lending Corporation: Important Notice for Shareholders

Investors who hold shares in Open Lending Corporation (NASDAQ: LPRO) during the defined class period are encouraged to act swiftly regarding potential claims. According to a recent announcement from The Gross Law Firm, shareholders who acquired shares from February 24, 2022, to March 31, 2025, should reach out to discuss their rights before the upcoming deadline of June 30, 2025.

Key Information for Shareholders

The Gross Law Firm is a leading class action law firm recognized for its commitment to protecting investors’ rights. Recent allegations against Open Lending Corporation included claims of false statements about the company’s risk-based pricing models, misleading information regarding profit share revenue, and a lack of disclosure about the deteriorating value of vintage loans issued in 2021 and 2022.

Allegations Against Open Lending

The accusations suggest that Open Lending misrepresented its operational effectiveness and financial stability. Specifically, the claims indicate that:
1. The company presented inflated capabilities of its risk-based pricing models.
2. There were materially misleading statements around the revenue generated from profit sharing.
3. The worth of older vintage loans had significantly decreased, not in alignment with outstanding loan balances.
4. The performance of loans issued in 2023 and 2024 was misrepresented.

These revelations mean that prior optimistic statements regarding the company's prospects may have misled investors. As a result, shareholders are strongly encouraged to take proactive steps to protect their investments.

Steps for Shareholders

To assist in safeguarding their rights, shareholders can register their information via the provided registration link. Once registered, investors will gain access to monitoring software that offers updates throughout the legal process, ensuring they stay informed about developments and opportunities related to their claims.

It’s important to note that registering as a lead plaintiff is optional, and participating in the case incurs no financial obligation for investors.

Why Choose The Gross Law Firm?

The Gross Law Firm has established a strong reputation across the nation for its advocacy on behalf of investors impacted by deceptive practices and illegal activities within the corporate sector. Their goal is to hold companies accountable and ensure ethical business practices. The firm takes an aggressive stance against misleading practices and works diligently to seek recovery for investors who face losses due to the corporations’ failures to be transparent.

Contact Information

Shareholders wishing to discuss this notice and their rights can reach out to:

• - The Gross Law Firm

15 West 38th Street, 12th Floor
New York, NY 10018
Email: contact@securitiesclasslaw.com
Phone: (646) 453-8903

The importance of acting quickly cannot be overstated; the deadline for contacting The Gross Law Firm regarding possible claims is June 30, 2025. Shareholders must act decisively to ensure they can avail themselves of the protections and potential recoveries they are entitled to under the law.