Open Lending Corporation Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – LPRO

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Open Lending Corporation regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial performance and risk-based pricing models [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 24, 2022, to March 31, 2025 [3]. - Allegations include misrepresentation of the company's risk-based pricing models, misleading statements about profit share revenue, failure to disclose the depreciation of 2021 and 2022 vintage loans, and misrepresentation of the underperformance of 2023 and 2024 vintage loans [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 30, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit and illegal business practices, ensuring companies adhere to responsible business practices [5].