Core 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 misrepresented 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, leading to materially misleading positive statements about the Company's business and prospects [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, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Investors who lost money on Open Lending Corporation(LPRO) should contact Levi & Korsinsky about pending Class Action - LPRO