Levi & Korsinsky Files Securities Lawsuit Against Open Lending Corp.
Levi & Korsinsky, LLP, a nationally recognized investor rights law firm, has filed a class action lawsuit on behalf of shareholders of Open Lending Corporation (NASDAQ: LPRO).
The lawsuit alleges that the company misled investors and failed to disclose key information about the declining value and underperformance of its loan portfolios.
The complaint applies to investors who acquired LPRO securities between February 24, 2022 and March 31, 2025, and focuses on a series of alleged misstatements by Open Lending and certain executives.
Specifically, the company is accused of overstating the effectiveness of its risk-based pricing models and underreporting losses tied to its 2021–2024 vintage loans.
According to court filings, Open Lending:
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Misrepresented the true capabilities of its pricing models;
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Failed to disclose that its 2021 and 2022 loans had fallen significantly in value;
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Concealed underperformance in its 2023 and 2024 loan portfolios;
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And issued misleading statements regarding its profit-share revenue.
These actions allegedly led to inflated stock prices, which later fell when the truth came to light—causing significant losses for shareholders.
Lead Plaintiff Deadline: June 30, 2025
Investors who purchased Open Lending stock during the class period and suffered financial harm have until June 30, 2025 to request appointment as Lead Plaintiff in the case.
The Lead Plaintiff is the investor chosen by the court to represent the class and oversee the litigation on behalf of other shareholders.
If you were affected, you may be eligible for compensation.
Or contact Levi & Korsinsky directly for a confidential consultation:
Joseph E. Levi, Esq. — jlevi@levikorsinsky.com
Phone — (212) 363-7500
Open Lending Corporation is a Texas-based fintech company founded in 2000, specializing in automated lending solutions for automotive lenders. Its core product, Lenders Protection, helps financial institutions offer risk-based auto loans to underserved borrowers. Known for its innovation in loan analytics and risk modeling, Open Lending went public in 2020 and has been repeatedly recognized as a top workplace and fast-growing company. Its mission is to make transportation more affordable through technology-driven lending.
Levi & Korsinsky LLP is a recognized leader in securities litigation, with a track record of recovering hundreds of millions of dollars for shareholders over the past two decades. With a dedicated team of over 70 professionals, the firm specializes in complex securities cases and has been featured in ISS Securities Class Action Services' Top 50 Report for seven consecutive years.
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