LPRO Investors Have Chance to Lead Open Lending Corporation Securities Lawsuit

Opportunity for LPRO Investors

On May 23, 2025, the Rosen Law Firm, a prominent law firm specializing in investor rights, issued a reminder to anyone who bought securities of Open Lending Corporation (NASDAQ: LPRO) between February 24, 2022, and March 31, 2025. This follows the filing of a class action lawsuit alleging significant securities fraud. The deadline to serve as a lead plaintiff for this case is June 30, 2025.

The Importance of the Class Period

Those who purchased Open Lending securities during this specified time frame may be entitled to monetary compensation without incurring any upfront costs. This is made possible through a contingency fee arrangement, meaning the firm's fees are only paid if the case results in a financial victory. For investors who wish to join the action, detailed guidance is provided on the Rosen Law Firm's website.

Next Steps for Interested Investors

To participate in the Open Lending securities class action, investors can fill out an online form on the Rosen Law Firm's website, call Phillip Kim at 866-767-3653, or send an email for additional information. It’s crucial for potential lead plaintiffs to act promptly since the lead plaintiff plays a key role in guiding the lawsuit on behalf of the other class members.

Why Choose Rosen Law Firm?

The Rosen Law Firm emphasizes the necessity of selecting an attorney with a proven success record in investor advocacy, particularly in cases involving securities class actions. Many firms that issue common notices often lack the experience and resources to effectively lead such cases. Rosen Law Firm has earned a strong reputation, having previously achieved the largest securities class action settlement involving a Chinese company and consistently ranks among the top law firms for securities class action recoveries.

Allegations Against Open Lending

The lawsuit claims that throughout the class period, the defendants, linked to Open Lending, made materially false and misleading statements, failing to disclose critical facts concerning the company's business and financial standing. Specifically, the accusations include misrepresentations regarding the effectiveness of Open Lending’s pricing models and profit-sharing revenues. Furthermore, it is alleged that they did not disclose the significant depreciation of certain loans, which led to misleading assertions about the company’s operational performance.

These inaccuracies reportedly caused substantial losses for investors when the truth was revealed, highlighting the importance of holding corporate entities accountable for misleading practices.

Conclusion

If you think you might be eligible to join the class action against Open Lending Corporation, consider taking action swiftly to secure your place and rights as an investor. The Rosen Law Firm is available to answer questions and assist you in understanding your options moving forward.

For the latest updates, follow the firm on their social media platforms. Please note that a class has not yet been certified; until that occurs, individuals are not represented by any counsel unless they have retained one.

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Email: [email protected]
Website: Rosen Law Firm