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Events / Business / Open Lending securities fraud lawsuit
Business class action

Open Lending securities fraud lawsuit

Analysis based on 13 articles · First reported May 02, 2025 · Last updated May 29, 2025

Sentiment
-50
Attention
3
Articles
13
Market Impact
General
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Market Impact

The class action lawsuit against Open Lending Corporation is likely to negatively impact its stock price and investor confidence due to allegations of securities fraud. Investors who purchased Open Lending securities during the Class Period may be entitled to compensation.

Financial services Legal services
Event Summary

Rosen Law Firm has filed a class action lawsuit against Open Lending Corporation on behalf of investors who purchased its securities between February 24, 2022, and March 31, 2025. The lawsuit alleges that Open Lending made materially false and misleading statements regarding its risk-based pricing models, profit share revenue, and the performance of its 2021, 2022, 2023, and 2024 vintage loans. Investors are encouraged to join the class action by June 30, 2025, with Philip Kim and Lawrence Rosen of Rosen Law Firm as key contacts.

Key Actions
100 Rosen Law Firm filed lawsuit Open Lending
Entities Involved
stock
Open Lending
Open Lending is the defendant in a class action lawsuit alleging securities fraud due to misleading statements about its risk-based pricing models, profit share revenue, and the performance of its loans.
Importance 100.0 Sentiment -70.0
priv
Rosen Law Firm
Importance 0.0 Sentiment 0.0
per
Lawrence Rosen
Importance 0.0 Sentiment 0.0
per
Philip Kim
Importance 0.0 Sentiment 0.0
Relationships
Rosen Law Firm related ↔ Lawrence Rosen
Rosen Law Firm related ↔ Philip Kim
Lawrence Rosen founding partner ↔ Philip Kim Lawrence Rosen is a founding partner of the Rosen Law Firm, where he directs attorneys including Philip Kim. Together, t
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