Open Lending Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before June 30, 2025 to Discuss Your Rights – 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 capabilities of the company's risk-based pricing models [3]. - Issuance of materially misleading statements regarding profit share revenue [3]. - Failure to disclose that the 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [3]. - Misrepresentation of the underperformance of the 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 [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock [5].