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LPRO Investors Have Opportunity to Lead Open Lending Corporation Securities Fraud Lawsuit

  • Rosen Law Firm reminded purchasers of Open Lending Corporation securities of the June 30, 2025 deadline to move the Court to serve as lead plaintiff for a class action lawsuit.
  • The lawsuit claims that during the class period, defendants provided false and misleading information concerning Open Lending’s risk-based pricing models, profit share revenue, and the valuation of loan portfolios spanning vintages from 2021 through 2024.
  • Open Lending reported a quarterly loss of $56.9 million as of March 31, 2025, which included a $81.3 million downward adjustment in projected profit share income tied to older loan portfolios.
  • On April 1, 2025, the company's share price fell $1.59, closing at $1.17, after disclosing delayed 2024 Annual Report filings due to profit share revenue issues.
  • Individuals who acquired shares of Open Lending Corporation within the defined timeframe could pursue lead plaintiff status and potential recovery through contingency-based legal representation before the June 30 deadline.
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ATTENTION NASDAQ: LPRO INVESTORS: Contact Berger Montague About an Open Lending Corporation Class Action Lawsuit

PHILADELPHIA, May 2, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ: LPRO) on behalf of purchasers of Open Lending securities between…

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TBNweekly broke the news in on Friday, May 2, 2025.
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