The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Open Lending Corporation (“Open Lending” or “the Company”) (NASDAQ: LPRO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 24, 2022 and March 31, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before June 30, 2025.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Open Lending overstated the capabilities of its risk-based pricing model. The Company materially misstated its profit share revenue. The Company failed to disclose that its loans from 2021 and 2022 were worth less than their outstanding loan balances. The Company misled investors about the underperformance of its 2023 and 2024 vintage loans. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Opening Lending, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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