1. LPRO shareholders eligible for lead plaintiff in class action. 2. Allegations include false statements about risk-based pricing models. 3. 2021 and 2022 vintage loans significantly undervalued. 4. Registration for class action deadline is June 30, 2025. 5. Gross Law Firm aims to protect investors from misleading practices.
The allegations of misleading statements can negatively affect investor confidence and stock price, similar to past cases where companies faced class actions and saw stock declines.
The class action allegations could hinder LPRO's stock performance, impacting investor sentiment significantly.
Ongoing litigation can create uncertainty around LPRO's future performance, similar to cases where prolonged lawsuits adversely affected companies' market reputation.
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.
February 24, 2022 to March 31, 2025
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.
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=148832&from=4
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.
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.
The Gross Law Firm
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New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903
The Gross Law Firm