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Posted by
Two Blokes Jun 26 -
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Stock
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ATLANTA, June 26, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Open Lending Corporation (“Open Lending” or the “Company”) (NASDAQ: LPRO). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding Open Lending's business, operations, and prospects, including allegations that Defendants: (1) misrepresented the capabilities of Open Lending's risk-based pricing models; (2) issued materially misleading statements regarding the Company's profit share revenue; (3) failed to disclose Open Lending's 2021 and 2022 vintage loans had become worth significantly less than their corresponding outstanding loan balances; and (4) misrepresented the underperformance of Open Lending's 2023 and 2024 vintage loans.
