Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Open Lending Corporation (“Open Lending”) (NASDAQ: LPRO).
On May 1, 2025, a class action complaint for violations of federal securities laws was filed against Open Lending in United States District Court, Western District of Texas, Austin Division, on behalf of investors who purchased or otherwise acquired Open Lending securities between February 24, 2022 and March 31, 2025, inclusive (the “Class Period”).
According to the complaint, throughout the Class Period, the Open Lending Defendants allegedly (1) misrepresented the capabilities of the Open Lending’s risk-based pricing models; (2) issued materially misleading statements regarding Open Lending’s profit share revenue; (3) failed to disclose its 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.
To review a copy of the complaint, please click Open Lending Class Action Complaint.
Open Lending Investors May Have Legal Claims
Investors who acquired Open Lending securities during the Class Period are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or send us a message to contact an attorney for a free, no-obligation evaluation of potential legal claims.
Open Lending investors can also contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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