| COMPANY |
Open Lending Corporation |
| COURT |
United States District Court for the Western District of Texas |
| CASE NUMBER |
1:25-cv-00650 |
| JUDGE |
The Hon. David Alan Ezra |
| CLASS PERIOD |
February 24, 2022 through March 31, 2025 |
| SECURITY TYPE |
Securities |
LEAD PLAINTIFF DEADLINE IS JUNE 30, 2025.
If you have suffered losses and would like to discuss your rights, please fill out this form or you may contact Jonathan Naji, Esq. at (484) 270-1453 or via e-mail at info@ktmc.com.
Case Background:
A class action lawsuit was filed on behalf of those who purchased or otherwise acquired Open Lending Corporation (“Open Lending”) (NASDAQ: LPRO) securities between February 24, 2022, and March 31, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) the company’s risk-based pricing models were ineffective at assessing risk; (2) the company lacked the capabilities to accurately forecast its profit share revenue; (3) the company failed to disclose that its 2021 and 2022 vintage loans had become worth significantly less than their corresponding outstanding loan balances; (4) the company misrepresented the underperformance of its 2023 and 2024 vintage loans; and (5) as a result, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
What is a Lead Plaintiff?
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.