Open Lending(US:LPRO) Prnewswire·2025-06-26 13:00Core Points - The Gross Law Firm has issued a notice to shareholders of Open Lending Corporation (NASDAQ: LPRO) regarding a class action lawsuit related to alleged false statements and omissions made by the company [1][3] - The class period for the lawsuit is from February 24, 2022, to March 31, 2025, during which shareholders are encouraged to register for potential lead plaintiff appointment [1][2] - Allegations include misrepresentation of the company's risk-based pricing models, misleading statements about profit share revenue, and failure to disclose the devaluation of vintage loans from 2021 and 2022 [1] Allegations Summary - Defendants allegedly misrepresented the capabilities of the company's risk-based pricing models [1] - There were materially misleading statements regarding the company's profit share revenue [1] - The company failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [1] - Misrepresentation of the underperformance of the company's 2023 and 2024 vintage loans was also alleged [1] Next Steps for Shareholders - Shareholders are advised to register by June 30, 2025, to participate in the class action and receive updates through portfolio monitoring software [2] - There is no cost or obligation for shareholders to participate in the case [2]