1. Levi & Korsinsky announces a class action lawsuit against LPRO stakeholders. 2. Investors claim securities fraud occurred between February 2022 and March 2025. 3. Defendants allegedly misrepresented loan values and company's operational capabilities. 4. Investors may seek compensation without upfront costs. 5. Deadline to act as lead plaintiff is June 30, 2025.
Class action lawsuits typically create negative sentiment, potentially harming stock price.
The announcement of a class action lawsuit directly impacts LPRO's reputation and investor confidence.
The lawsuit could influence LPRO's stock performance until its resolution or outcomes are clearer.
NEW YORK, May 9, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Open Lending Corporation ("Open Lending Corporation" or the "Company") (NASDAQ: LPRO) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Open Lending Corporation investors who were adversely affected by alleged securities fraud between February 24, 2022 and March 31, 2025. Follow the link below to get more information and be contacted by a member of our team:
Open Lending Corporation Lawsuit Submission Form
LPRO investors may also contact Joseph E. Levi, Esq. via email at email@protected or by telephone at (212) 363-7500.
According to the filed complaint, defendants made false statements and/or concealed that they:
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.
If you suffered a loss in Open Lending Corporation during the relevant time frame, you have until June 30, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
email@protected
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP