Core Viewpoint - A securities class action lawsuit has been filed against Open Lending Corporation for misrepresentation and failure to disclose significant financial issues during the class period from February 24, 2022, to March 31, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Open Lending securities during the specified class period [1][2]. - Investors have until June 30, 2025, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Allegations Against the Company - The complaint alleges that Open Lending misrepresented its risk-based pricing models and profit share revenue [3]. - It is claimed that the company failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding balances [3]. - The underperformance of the company's 2023 and 2024 vintage loans was also misrepresented [3]. Group 3: Financial Impact and Company Response - On March 17, 2025, Open Lending announced it would delay its Annual Report for 2024, leading to a 9% drop in share price to $3.91 [4]. - The company reported a quarterly revenue of negative $56.9 million for Q4 2024, primarily due to an $81.3 million reduction in estimated profit share revenues linked to historic vintages [5]. - Contributing factors included deterioration of 2021 and 2022 vintages, underperformance of 2023 and 2024 vintages, and elevated delinquencies and defaults [5]. - Following the financial disclosure, the share price plummeted by 57% to close at $1.17 on April 1, 2025 [6].

LOS ANGELES, May 6, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Open Lending Corporation ("Open Lending" or "the Company") (NASDAQ: LPRO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 24, 2022 and March 31, 2025, inclusive (the "Class ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Western District of Texas on behalf of those who acquired Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ:LPRO) securities during the period from February 24, 2022, through March 31, 2025 ("the Class Period"). Investors have until June 30, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [LEARN M ...

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 ...