10:24 ET Kuehn Law Encourages Investors of Open Lending Corporation to Contact Law Firm
Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Open Lending Corporation (NASDAQ: LPRO). A federal securities lawsuit alleges that insiders misrepresented key financial aspects, including risk-based pricing models and the value of vintage loans. Shareholders who purchased LPRO before February 24, 2022, are encouraged to contact Kuehn Law for potential legal action, as there may be limited time to enforce their rights. Kuehn Law covers all case costs for clients.
, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Open Lending Corporation (NASDAQ: LPRO) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at Open Lending caused the company to misrepresent or fail to disclose that (1) the Company's risk-based pricing models; (2) the Company's profit share revenue; (3) failed to disclose the Company's 2021 and 2022 vintage loans had become worth significantly less than their corresponding outstanding loan balances; (4) the underperformance of the Company's 2023 and 2024 vintage loans; and (5) as a result of the foregoing, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you currently own LPRO and purchased prior to February 24, 2022 please contact Justin Kuehn, Esq. here, by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814
SOURCE Kuehn Law, PLLC
