Investors in Open Lending Corporation Should Contact The Gross Law Firm Before June 30, 2025 to Discuss Your Rights - LPRO

1. LPRO faces a class action lawsuit for misleading financial statements. 2. Allegations include misrepresentation of risk-based pricing models and profit share revenue. 3. Shareholders from February 2022 to March 2025 are encouraged to join the case. 4. Registration deadline for lead plaintiff appointment is June 30, 2025. 5. The lawsuit may significantly impact investor confidence in LPRO.

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FAQ

Why Bearish?

The lawsuit casts doubt on LPRO's financial integrity, similar to past cases where stock prices fell significantly after similar allegations were filed. Historical examples involve companies like Theranos and Enron, where lawsuits led to substantial stock devaluations due to loss of investor trust.

How important is it?

The class action indicates potential financial and operational misrepresentation, which directly threatens investor trust and stock price. Such legal challenges carry a significant impact on market perception, especially for public companies like LPRO.

Why Long Term?

The ongoing legal proceedings may affect LPRO's stock over an extended period, with investor sentiment likely curbing recovery until resolution. Historical trends show that class actions can take years to conclude, impacting company valuation during that time.

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NEW YORK, May 15, 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=148440&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: (1) misrepresented the capabilities of the Company's risk-based pricing models; (2) issued materially misleading statements regarding the Company's profit share revenue; (3) failed to disclose the Company's 2021 and 2022 vintage loans had become worth significantly less than their corresponding outstanding loan balances; and (4) 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=148440&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