#United States #New York #Levi & Korsinsky #Open Lending #LPRO

Important Update for Open Lending Corporation Investors

In a significant announcement, Levi & Korsinsky, LLP is urging investors of Open Lending Corporation (NASDAQ: LPRO) to reach out by June 30, 2025. This notice comes in light of a class action securities lawsuit aimed at securing justice for investors who faced losses due to alleged malpractice from the company.

Class Action Overview

The class action lawsuit addresses grievances stemming from a series of alleged securities fraud incidents between February 24, 2022, and March 31, 2025. The claims suggest that the company's management made various false statements and omissions that misled investors regarding the company’s operations and financial outlook.

The fundamental issues at hand include:
1. Misrepresentation of Risk-Based Pricing Models: The lawsuit claims that the Company misrepresented the capabilities of its pricing models, leading to significant investor losses.
2. Misleading Profit Share Revenue Statements: Allegations indicate that the company issued materially misleading statements regarding its profit share revenue.
3. Failure to Disclose Valuation Declines: It is asserted that the company failed to disclose that several of its loans from 2021 and 2022 had significantly depreciated in value, far below their outstanding balances.
4. Misrepresentation Regarding 2023 and 2024 Loans: The company's statements regarding the performance of its loans for 2023 and 2024 were allegedly misleading, clouding the true financial health of the organization.

Due to these issues, investors are encouraged to assess the situation and consider their options moving forward.

Next Steps for Investors

Investors affected by the alleged fraud have until June 30, 2025, to apply to be appointed as lead plaintiff in this class action case. However, participation in any compensation recovery does not require serving as lead plaintiff. Levi & Korsinsky emphasizes that there are no financial obligations for class members to participate in this lawsuit. All costs will be covered, ensuring that affected investors can pursue their claims without further financial burden.

To inquire about joining the lawsuit, affected investors should visit the provided link for more information: Open Lending Corporation Lawsuit Submission Form. Alternatively, they can also reach out directly to attorney Joseph E. Levi via email at [email protected] or by phone at (212) 363-7500.

Why Choose Levi & Korsinsky?

With over 20 years of experience, Levi & Korsinsky has a strong record of helping shareholders recover hundreds of millions in settlements from various high-stakes litigation cases. The firm has gained recognition as one of the top securities litigation firms in the United States as evidenced by its consistent listing in ISS Securities Class Action Services' Top 50 Report.

The team is well-equipped to handle complex securities cases and is dedicated to serving the needs of their clients vigorously. Their expertise in this domain stands as a testament to their capability in navigating the intricacies of securities law and pursuing justice for investors.

Contact Information

For any legal inquiries or additional questions regarding this situation, Levi & Korsinsky can be reached at:

Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com

Conclusion

If you have invested in Open Lending Corporation and feel that you were misled during the aforementioned time frame, it is crucial to take action before the deadline of June 30, 2025. Understanding your legal rights is essential to moving forward with your investment strategy, and you should leverage the expertise of professionals like Levi & Korsinsky to guide you through this process.