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Open Lending Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before June 30, 2025 to Discuss Your Rights – LPRO
GlobeNewswire News Room· 2025-05-13 16:43
Core Viewpoint - A class action securities lawsuit has been filed against Open Lending Corporation, alleging securities fraud that affected investors between February 24, 2022, and March 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that the defendants made false statements regarding the Company's risk-based pricing models and profit share revenue [2]. - It is alleged that the Company failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [2]. - The complaint also states that the defendants misrepresented the underperformance of the Company's 2023 and 2024 vintage loans [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 30, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 30, 2025 in Open Lending Corporation Lawsuit - LPRO
Prnewswire· 2025-05-13 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Open Lending Corporation, alleging securities fraud that affected investors between February 24, 2022, and March 31, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that the defendants made false statements regarding the Company's risk-based pricing models and profit share revenue [2]. - It is alleged that the Company failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [2]. - The complaint also states that the defendants misrepresented the underperformance of the Company's 2023 and 2024 vintage loans [2]. Group 2: Investor Information - Investors who suffered losses during the relevant time frame have until June 30, 2025, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Shareholders who lost money on Open Lending Corporation Should Contact Wolf Haldenstein
GlobeNewswire News Room· 2025-05-12 20:19
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP, a distinguished law firm with over 125 years of history, informs investors that a class action lawsuit has been filed Open Lending Corporation (Open Lending or the Company) (NASDAQ: LPRO) on behalf of a class consisting of all investors that purchased or otherwise acquired Open Lending securities between February 24, 2022 and March 31, 2025, both dates inclusive (the "Class Period"). Deadline to sign up: If you are an inve ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of June 30, 2025 in Open Lending Corporation Lawsuit – LPRO
GlobeNewswire News Room· 2025-05-12 17:17
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- 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=147752&from=3 CLASS PERI ...
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Open Lending Corporation(LPRO) Shareholders
Prnewswire· 2025-05-12 09:45
NEW YORK, May 12, 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=147730&from=4CLASS PERIOD: Febr ...
Faruqi & Faruqi Reminds Open Lending Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 30, 2025 - LPRO
GlobeNewswire News Room· 2025-05-11 12:18
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Open Lending To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Open Lending between February 24, 2022 and March 31, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, May 11, 202 ...
LPRO INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Open Lending Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-05-10 14:00
Core Viewpoint - Open Lending Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding its financial performance and risk analytics solutions [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Open Lending misrepresented its risk-based pricing model and profit share revenue, and failed to disclose significant declines in the value of its vintage loans from 2021 and 2022 [3]. - On March 17, 2025, Open Lending announced it would delay its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - Following the release of its Q4 and full year 2024 financial results on March 31, 2025, Open Lending reported a quarterly revenue of negative $56.9 million and a net loss of $144 million, causing its stock price to plummet nearly 58% [5]. Group 2: Class Action Process - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff, representing the interests of the class [6]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: Company Background - Open Lending provides lending enablement and risk analytics solutions to various financial institutions, including credit unions and regional banks [2].
LPRO INVESTOR NEWS: Open Lending Corporation Investors with Large Losses Should Contact Robbins LLP for Information About the LPRO Securities Class Action Lawsuit
GlobeNewswire News Room· 2025-05-09 20:50
Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation (NASDAQ: LPRO) on behalf of investors who acquired its securities between February 24, 2022, and March 31, 2025, alleging that the company misled investors regarding its business prospects [1][2]. Allegations - The complaint alleges that Open Lending misrepresented the capabilities of its risk-based pricing models [2]. - It is claimed that the company issued materially misleading statements about its profit share revenue [2]. - The lawsuit states that Open Lending failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [2]. - Additionally, the company allegedly misrepresented the underperformance of its 2023 and 2024 vintage loans [2]. - The complaint further asserts that these misrepresentations led to a decline in the company's stock [2]. Next Steps for Shareholders - Shareholders may be eligible to participate in the class action against Open Lending Corporation and can contact Robbins LLP if they wish to serve as lead plaintiff [3]. - It is noted that shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [3]. About Robbins LLP - Robbins LLP is recognized as a leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4].
Open Lending Corporation (LPRO) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-05-09 16:00
LOS ANGELES, May 9, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ: LPRO) have opportunity to lead the securities fraud class action lawsuit.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN OPEN LENDING CORPORATION (LPRO), CLICK HERE BEFORE JUNE 30, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.What Is The Lawsuit About? The complaint filed allege ...
Levi & Korsinsky Notifies Shareholders of Open Lending Corporation(LPRO) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-05-09 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Open Lending Corporation, alleging securities fraud that affected investors between February 24, 2022, and March 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that the defendants made false statements regarding the capabilities of the Company's risk-based pricing models [2]. - It is alleged that the Company issued materially misleading statements about its profit share revenue [2]. - The complaint states that the Company failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [2]. - Additionally, the lawsuit asserts that the underperformance of the Company's 2023 and 2024 vintage loans was misrepresented [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Open Lending Corporation during the specified timeframe have until June 30, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require individuals to serve as lead plaintiffs to share in any potential recovery [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].