Open Lending Corporation Faces Multiple Securities Fraud Lawsuits
Open Lending Corporation (NASDAQ: LPRO), a financial service provider specializing in loan analytics and risk-based pricing for automotive lenders, is currently embroiled in several securities fraud lawsuits. The company, which operates primarily in the United States, has seen its stock price fluctuate significantly over the past year, with a close price of $1.36 on May 5, 2025, down from a 52-week high of $6.97 on June 5, 2024, and a low of $0.70 on April 10, 2025. The company’s market capitalization stands at approximately $153.32 million.
Class Action Lawsuits Filed
Multiple law firms have announced the filing of class action lawsuits against Open Lending Corporation, alleging violations of the Securities Exchange Act of 1934. These lawsuits cover the period from February 24, 2022, to March 31, 2025. The firms involved include:
Rosen Law Firm: Announced the filing of a class action lawsuit on May 7, 2025. Investors who purchased securities during the specified period may be entitled to compensation through a contingency fee arrangement. Interested parties must move the court to serve as lead plaintiff by June 30, 2025.
Faruqi & Faruqi, LLP: Investigating potential claims on behalf of investors who suffered losses during the same period. Investors are encouraged to contact James (Josh) Wilson directly to discuss their legal rights.
The Schall Law Firm: Reminds investors of the class action lawsuit for violations of ยงยง10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Investors who purchased securities during the class period are encouraged to contact the firm before June 30, 2025.
Bragar Eagel & Squire, P.C.: Announced that class actions have been filed against Open Lending Corporation, along with other companies. Stockholders have until specified deadlines to petition the court to serve as lead plaintiff.
Kirby McInerney LLP: Announced the filing of a securities class action on behalf of investors.
Investor Alert
Investors who purchased or acquired securities in Open Lending Corporation during the class period are advised to review their options and consider contacting the respective law firms to discuss potential claims. The lawsuits allege securities fraud, and investors may be entitled to compensation without payment of out-of-pocket fees or costs.
Company Overview
Open Lending Corporation is listed on the Nasdaq stock exchange and provides financial services, including loan analytics, risk-based pricing, modeling, and automated decision technology for automotive lenders. The company serves its customers in the United States and can be accessed through its website at www.openlending.com .
As the legal proceedings unfold, investors and stakeholders are closely monitoring the situation, which could have significant implications for the company’s financial health and stock performance.