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LPRO INVESTOR NEWS: Open Lending Corporation Investors with Large Losses Should Contact Robbins LLP for Information About the LPRO Securities Class Action Lawsuit
Open LendingOpen Lending(US:LPRO) GlobeNewswire News Roomยท2025-05-09 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].