LPRO Investors Have Opportunity to Lead Open Lending Corporation Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Open Lending Corporation securities between February 24, 2022, and March 31, 2025, due to alleged misleading statements and failure to disclose adverse facts about the company's business and operations [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that during the Class Period, defendants made materially false and misleading statements regarding Open Lending's risk-based pricing models and profit share revenue [5]. - The lawsuit alleges that Open Lending's 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances, and that the underperformance of the 2023 and 2024 vintage loans was misrepresented [5]. - As a result of these misleading statements, investors suffered damages when the true details about Open Lending's business and operations became known [5]. Group 2: Participation Information - Investors who purchased Open Lending securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must move the Court by June 30, 2025, to represent other class members in directing the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Many attorneys at Rosen Law Firm have received recognition from Lawdragon and Super Lawyers, highlighting the firm's expertise in this area [4].