LPRO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Open Lending Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation and certain officers for alleged violations of federal securities laws during the defined class period from February 24, 2022, to March 31, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Open Lending securities during the class period [2]. - Allegations include materially false and misleading statements regarding the company's risk-based pricing models, profit share revenue, and the value of vintage loans from 2021 and 2022 [3]. - The complaint claims that the company misrepresented the performance of its 2023 and 2024 vintage loans, leading to misleading positive statements about its business prospects [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Open Lending have until June 30, 2025, to request to be appointed as lead plaintiff in the case [4]. - Participation in any recovery does not require serving as lead plaintiff [4]. Group 3: Legal Representation - The law firm Bronstein, Gewirtz & Grossman represents investors on a contingency fee basis, meaning they will only collect fees if successful in recovering damages [5]. - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud class actions [6].