Investors with Significant Losses in LPRO Could Lead Class Action Lawsuit

Opportunity for LPRO Investors to Lead Lawsuit



In a significant update for investors, Rosen Law Firm has issued a reminder about an important opportunity for Open Lending Corporation (NASDAQ: LPRO) shareholders who incurred losses exceeding $100,000 during the class period from February 24, 2022, to March 31, 2025. With the deadline for lead plaintiff motion set for June 30, 2025, affected investors are urged to take action.

What is the Class Action About?


The class action lawsuit pertains to various misleading statements made by Open Lending Corporation management, which allegedly distorted the financial state and operational viability of the company. The plaintiffs assert that throughout the class period, the company and its executives issued statements that either misrepresented facts or omitted crucial information about their business operations and future prospects.

The specific grievances allege that the company:
1. Misrepresented the effectiveness of their risk-based pricing models.
2. Provided misleading statements regarding profit share revenue generated by the company.
3. Failed to disclose that its 2021 and 2022 vintage loans had depreciated significantly compared to their outstanding loan balances.
4. Misrepresented the performance of 2023 and 2024 vintage loans.

As these misrepresentations were revealed to the public, investors experienced significant financial losses.

How to Join the Class Action


If you purchased shares of Open Lending Corporation during the specified class period, you may qualify to join the lawsuit without incurring any out-of-pocket expenses through a contingency fee structure. Interested investors can submit their information by visiting Rosen Law Firm's submission page or contacting Phillip Kim, Esq. via phone at 866-767-3653 or by emailing him at [email protected].

The participation process requires that potential lead plaintiffs act quickly, as they must file their requests with the court no later than June 30, 2025. A lead plaintiff serves a crucial role in representing the interests of all class members in directing the litigation.

Why Choose Rosen Law Firm?


Rosen Law Firm is a recognized name in the realm of investor rights protection and specializes in securities class action lawsuits. The firm encourages investors to choose legal representation that has demonstrated success in leading similar cases. Rosen Law Firm has a commendable track record, having achieved the largest securities class action settlement against a Chinese company and being consistently ranked among the top firms for securities class action settlements.

In addition to experience, the firm emphasizes the importance of fighting for investors' rights and recovering financial losses caused by corporate misconduct. In the past, they have recovered substantial sums of money for injured investors, adding to their credibility in leading class action lawsuits.

Future Steps for Interested Investors


While it's essential to hustle for the lead plaintiff status, Rosen Law Firm makes it clear that you can also remain an absent class member and still have the option to recover damages if the class action is successful. However, it is crucial to have qualified counsel throughout the process, especially given the complexities of securities litigation.

Continued updates and information regarding the case will be available through Rosen Law Firm's platforms, which include LinkedIn, Twitter, and Facebook. Moreover, it’s essential for potential plaintiffs to remain informed about their rights and any procedural steps required along the way. In closing, if you've suffered from financial losses with Open Lending Corporation, don't miss out on this opportunity to seek justice and potentially recover your losses.

Topics Financial Services & Investing)

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