Open Lending(US:LPRO) GlobeNewswire News Roomยท2025-05-27 12:30Core Viewpoint - Open Lending Corporation is facing a securities fraud class action lawsuit, with a deadline for investors to act by June 30, 2025 [1][3][4] Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Western District of Texas on behalf of investors who purchased or acquired Open Lending securities between February 24, 2022, and March 31, 2025 [3] - The allegations include violations of the Securities Exchange Act of 1934, specifically concerning misrepresentations about the capabilities of the Company's risk-based pricing models [3] Group 2: Investor Participation - Investors who wish to serve as lead plaintiff must file necessary documents by June 30, 2025, although participation as a lead plaintiff is not required to share in any potential recovery [4] - All legal representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4] Group 3: Law Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [5] - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [5]