Introduction to the Open Lending Class Action Lawsuit
The Open Lending class action lawsuit seeks to represent purchasers or acquirers of Open Lending Corporation (NASDAQ: LPRO) securities between February 24, 2022 and March 31, 2025, inclusive (the “Class Period”). Captioned Bradley v. Open Lending Corporation, No. 25-cv-00650 (W.D. Tex.), the Open Lending class action lawsuit charges Open Lending and certain of Open Lending’s current and former top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Open Lending class action lawsuit or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com.
Lead plaintiff motions for the Open Lending class action lawsuit must be filed with the court no later than June 30, 2025.
Read on to learn six very important points of law every investor should cognize.
1. The Benefits of Serving as a Lead Plaintiff in the Open Lending Class Action Lawsuit?
- Negotiating more competitive attorney fees and reducing litigation costs.
- Managing the litigation by overseeing the progress of the case and reviewing important filings.
- Participating in mediation and settlement discussions.
- Having a voice in decision-making processes regarding the settlement.
- No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a settlement or judgment recovery for the class
- Potentially enjoying long-term benefits from governance reform resulting from the litigation.
2. What Are the Responsibilities the Lead Plaintiff Will Have in the Open Lending Class Action Lawsuit?
- Selecting, monitoring, and overseeing Lead Counsel.
- Reviewing and commenting on court filings on behalf of the class.
- Discussing litigation strategies with the Lead Counsel.
- Attending depositions (if necessary) and giving a deposition.
- Attending hearings (if necessary).
- Participating in mediation and the trial (if necessary).
- Provide input on any decision concerning the settlement of the securities class action.
3. The Eligibility Criteria for Lead Plaintiff Appointment in the Open Lending Class Action Lawsuit?
To be eligible for appointment as the lead plaintiff in the Open Lending Class Action Lawsuit, an investor must meet the following criteria:
- Securities Acquisition: The investor must have purchased or acquired of Open Lending Corporation (NASDAQ: LPRO) securities between February 24, 2022 and March 31, 2025, inclusive.
- Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Open Lending and its executives.
- Typicality and Adequacy: The investor’s legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.
It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Open Lending class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.
4. The Legal Requirements for Prevailing in the Open Lending Class Action Lawsuit?
- Material Misrepresentation or Omission
- Scienter
- Connection to Securities Transaction
- Reliance
- Economic Loss
- Loss Causation
5. You Cannot Serve as A Lead Plaintiff in the Open Lending Class Action Lawsuit If You Purchases Shares outside of the Class Period?
Even if you suffered losses in Red Hat stock, if you purchased securities outside of the Class period, you will not be able to participate in the Bumble class action lawsuit.
6. You Can Serve as a Lead Plaintiff in the Open Lending Class Action Lawsuit if You Are Serving as a Lead Plaintiff In Another Securities Fraud Case?
Unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws, with limited exceptions for institutional investors. Otherwise, if you suffered losses in Open Lending stock, you may move to be appointed lead plaintiff in the Bumble class action lawsuit.
Contact Timothy L. Miles Today About an Open Lending Class Action Lawsuit
If you suffered losses in Open Lending stock, call us today for a free case evaluation about an Open Lending Class Action Lawsuit. 855-846-6529 or tmiles@timmileslaw.com (24/7/365).
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr. #247
Mailbox #1091
Brentwood,TN 37027
Phone: (855) Tim-MLaw (855-846-6529)
Email: tmiles@timmileslaw.com
Website: www.classactionlawyertn.com
Facebook Linkedin Pinterest youtube
