Open Lending(US:LPRO) Prnewswire·2025-06-17 09:45Core Viewpoint - A class action securities lawsuit has been filed against Open Lending Corporation, alleging securities fraud that affected investors between February 24, 2022, and March 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that the defendants made false statements regarding the company's risk-based pricing models and profit share revenue [2]. - It is alleged that the company failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [2]. - The complaint also states that the underperformance of the company's 2023 and 2024 vintage loans was misrepresented [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 30, 2025, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].