Class Action Filed Against Open Lending Corporation (LPRO) Seeking Recovery for Investors - Contact The Gross Law Firm

1. LPRO shareholders urged to contact Gross Law Firm for class action updates. 2. Allegations include false statements about risk-based pricing models and profit share revenue. 3. Defendants concealed issues regarding vintage loans, affecting their value significantly. 4. Complaint indicates misleading statements regarding the company's future prospects. 5. Class period runs from February 24, 2022 to March 31, 2025.

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FAQ

Why Very Bearish?

The allegations of misleading statements could undermine investor confidence, similar to past class-action impacts on companies like Theranos, leading to stock devaluation.

How important is it?

Given investor sensitivity to legal issues and the serious allegations, this news can greatly affect LPRO's market position.

Why Long Term?

As the case unfolds until 2025, lingering concerns over fraud could keep the stock's performance depressed, similar to long-term effects seen in past cases.

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NEW YORK, June 16, 2025 /PRNewswire/ --

The Gross Law Firm issues the following notice to shareholders of Open Lending Corporation (NASDAQ: LPRO).

Shareholders who purchased shares of LPRO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/open-lending-corporation-loss-submission-form/?id=152941&from=4

CLASS PERIOD:

February 24, 2022 to March 31, 2025

ALLEGATIONS:

According to the filed complaint, defendants made false statements and/or concealed that they:

misrepresented the capabilities of the Company's risk-based pricing models;
issued materially misleading statements regarding the Company's profit share revenue;
failed to disclose the Company's 2021 and 2022 vintage loans had become worth significantly less than their corresponding outstanding loan balances;
misrepresented the underperformance of the Company's 2023 and 2024 vintage loans.

As a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE:

June 30, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/open-lending-corporation-loss-submission-form/?id=152941&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of LPRO during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 30, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE

The Gross Law Firm