Core Viewpoint - A shareholder has filed a securities class action lawsuit against Open Lending Corporation for alleged misrepresentations regarding the company's risk-based pricing models during the period from February 24, 2022, to March 31, 2025 [1][2]. Group 1 - The lawsuit represents a class of investors who purchased or acquired Open Lending's securities within the specified timeframe [1]. - Defendants are accused of making false statements about the effectiveness of the company's risk-based pricing models [2]. - Interested parties can file to serve as lead plaintiff by June 30, 2025, with no fees or expenses required from shareholders [3]. Group 2 - Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has represented both individual investors and large pension funds [4].

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Open Lending Corporation. (“Open Lending” or the “Company”) (NASDAQ: LPRO).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Open Lending an ...

Core Viewpoint - A class action lawsuit has been filed against Open Lending Corp. due to significant financial losses reported by the company, impacting investors who purchased stock between February 24, 2022, and March 31, 2025 [1]. Financial Performance - Open Lending postponed its earnings release and conference call on March 17, 2025, and requested additional time to complete its annual 10-K report, leading to a 9.3% drop in share price to $3.91 [2]. - On March 31, 2025, Open Lending reported a net loss of $144 million, attributed to the deterioration of prior loan vintages, elevated delinquencies and defaults, and increased income tax expenses [3]. - Following the loss announcement, Open Lending's stock plummeted nearly 58%, closing at $1.17 per share [4]. Legal Actions - Investors who purchased Open Lending stock during the specified class period and incurred losses are encouraged to contact the law firm Barrack, Rodos & Bacine regarding their rights and the potential for leading the class action lawsuit [5]. - The deadline for investors to submit a motion to be appointed as lead plaintiff is June 30, 2025, although participation in any recovery does not require serving as lead plaintiff [6]. Law Firm Background - Barrack, Rodos & Bacine has over 40 years of experience in prosecuting securities law class actions, achieving significant recoveries for investors in high-profile cases [7].

Core Viewpoint - Open Lending Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and financial misrepresentations during the class period from February 24, 2022, to March 31, 2025 [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Open Lending misrepresented its risk-based pricing model and profit share revenue, and failed to disclose significant declines in the value of its vintage loans from 2021 and 2022 [3]. - On March 17, 2025, Open Lending announced it would not timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - The financial results released on March 31, 2025, showed a quarterly revenue of negative $56.9 million, attributed to an $81.3 million reduction in estimated profit share revenues due to increased delinquencies and defaults [5]. - Open Lending reported a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, and the stock price fell nearly 58% following this announcement [5]. Group 2: Legal Process and Representation - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, representing the interests of all class members [6]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: Company Background - Open Lending provides lending enablement and risk analytics solutions to various financial institutions, including credit unions and regional banks [2].

Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation and certain officers for alleged violations of federal securities laws during the defined class period from February 24, 2022, to March 31, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Open Lending securities during the class period [2]. - Allegations include materially false and misleading statements regarding the company's risk-based pricing models, profit share revenue, and the value of vintage loans from 2021 and 2022 [3]. - The complaint claims that the company misrepresented the performance of its 2023 and 2024 vintage loans, leading to misleading positive statements about its business prospects [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Open Lending have until June 30, 2025, to request to be appointed as lead plaintiff in the case [4]. - Participation in any recovery does not require serving as lead plaintiff [4]. Group 3: Legal Representation - The law firm Bronstein, Gewirtz & Grossman represents investors on a contingency fee basis, meaning they will only collect fees if successful in recovering damages [5]. - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud class actions [6].

Core Viewpoint - A securities class action lawsuit has been filed against Open Lending Corporation for alleged misrepresentations and failures to disclose critical financial information during the class period from February 24, 2022, to March 31, 2025 [1] Allegations - Defendants misrepresented the capabilities of Open Lending's risk-based pricing model [2] - Defendants issued materially misleading statements regarding Open Lending's profit share revenue [2] - Defendants failed to disclose that Open Lending's 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [2] - Defendants misrepresented the underperformance of Open Lending's 2023 and 2024 vintage loans [2] Financial Disclosures - On March 17, 2025, Open Lending announced it would be unable to timely file its Annual Report for 2024, citing the need for additional time to finalize accounting processes related to profit share revenue, resulting in a stock price drop of over 9% [3] - On March 31, 2025, Open Lending reported a quarterly revenue of negative $56.9 million, attributed to an $81.3 million reduction in estimated profit share revenues due to increased delinquencies and defaults on loans from 2021 to 2024 [4] - The company disclosed a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, which raised its income tax expense [4] - Open Lending appointed a new CEO and COO, replacing Charles D. Jehl, who had been serving multiple roles [4] - Following these announcements, Open Lending's stock price fell nearly 58% [4] Investor Information - Investors who acquired shares of Open Lending are encouraged to contact the firm before the June 30, 2025, lead plaintiff motion deadline to discuss their rights or interests regarding the class action [5]

PHILADELPHIA, May 2, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ: LPRO) on behalf of purchasers of Open Lending securities between February 24, 2022 through March 31, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired Open Lending securities during the Class Period may, no later than JUNE 30, 2025, seek to be appointed as a le ...

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Open Lending Corporation securities between February 24, 2022, and March 31, 2025, due to alleged misleading statements and failure to disclose adverse facts about the company's business and operations [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that during the Class Period, defendants made materially false and misleading statements regarding Open Lending's risk-based pricing models and profit share revenue [5]. - The lawsuit alleges that Open Lending's 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances, and that the underperformance of the 2023 and 2024 vintage loans was misrepresented [5]. - As a result of these misleading statements, investors suffered damages when the true details about Open Lending's business and operations became known [5]. Group 2: Participation Information - Investors who purchased Open Lending securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must move the Court by June 30, 2025, to represent other class members in directing the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Many attorneys at Rosen Law Firm have received recognition from Lawdragon and Super Lawyers, highlighting the firm's expertise in this area [4].

Core Points - A shareholder class action lawsuit has been filed against Open Lending Corporation, alleging that the company made materially false and misleading statements regarding its business and operations [1] - The lawsuit claims that Open Lending misrepresented the capabilities of its risk-based pricing models and issued misleading statements about its profit share revenue [1] - It is alleged that Open Lending failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [1] - The lawsuit also claims that the company misrepresented the underperformance of its 2023 and 2024 vintage loans [1] Legal Context - Shareholders who purchased Open Lending shares between February 24, 2022, and March 31, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request to be appointed lead plaintiff in the case is June 30, 2025 [3] - Holzer & Holzer, LLC is representing shareholders in this litigation and has a history of recovering significant amounts for shareholders affected by corporate misconduct [3]

SAN DIEGO, May 2, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Open Lending Corporation (NASDAQ: LPRO) securities between February 24, 2022 and March 31, 2025, inclusive (the "Class Period"), have until June 30, 2025 to seek appointment as lead plaintiff of the Open Lending class action lawsuit.  Captioned Bradley v. Open Lending Corporation, No. 25-cv-00650 (W.D. Tex.), the Open Lending class action lawsuit charges Open Lending and certain ...