Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation for allegedly making materially false and misleading statements regarding its business operations and financial performance during the Class Period from February 24, 2022, to March 31, 2025 [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Texas on behalf of all individuals and entities who purchased Open Lending securities during the specified Class Period [1]. - Investors have until June 30, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against Open Lending - The complaint alleges that Open Lending misrepresented the capabilities of its risk-based pricing models [3]. - It is claimed that the company issued materially misleading statements regarding its profit share revenue [3]. - The lawsuit states that Open Lending failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [3]. - Allegations include misrepresentation of the underperformance of the company's 2023 and 2024 vintage loans [3]. - As a result of these actions, the positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis [3].

Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation for allegedly misleading investors about its business prospects and financial performance [1][2]. Allegations - The lawsuit claims that Open Lending misrepresented the capabilities of its risk-based pricing models [2] - It is alleged that the company issued materially misleading statements regarding its profit share revenue [2] - The complaint states that Open Lending failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [2] - Additionally, the company is accused of misrepresenting the underperformance of its 2023 and 2024 vintage loans [2] - The stock of Open Lending reportedly declined as a result of these misrepresentations [2] Next Steps for Shareholders - Shareholders may be eligible to participate in the class action against Open Lending Corporation [3] - Those interested in serving as lead plaintiff should contact Robbins LLP, as the lead plaintiff represents other class members in the litigation [3] - Shareholders can choose to remain absent from the case while still being eligible for recovery [3]

LOS ANGELES, May 01, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ: LPRO) investors of a class action representing investors that bought securities between February 24, 2022 and March 31, 2025, inclusive (the "Class Period"). Open Lending investors have until June 30, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss ...

SAN DIEGO, May 01, 2025 (GLOBE NEWSWIRE) -- 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 of Open Lend ...

Group 1 - The article introduces Paul Manning as a new contributing analyst for Seeking Alpha, encouraging others to share investment ideas for publication [1] - The focus is on value investing, emphasizing the importance of buying businesses below their intrinsic value with a margin of safety [2] - The analyst expresses a contrarian approach, suggesting that the best investment opportunities often lie in unpopular companies or industries [2] Group 2 - The analyst has a beneficial long position in LPRO shares, indicating a personal investment interest in the company [3] - The article clarifies that the opinions expressed are personal and not influenced by any business relationships with mentioned companies [3] - Seeking Alpha emphasizes that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Open Lending Corp. (“Open Lending” or the “Company”) (NASDAQ: LPRO).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Open Lending and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] O ...

AUSTIN, Texas, April 23, 2025 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company plans to issue a press release containing results for the first quarter 2025 after the market closes on Wednesday, May 7, 2025. The Company plans to host a conference call to discuss these results on Wednesday, May 7, 2025, at 5:00 PM ET. T ...

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Open Lending Corp regarding potential securities fraud or unlawful business practices [1][3] Financial Performance - On March 17, 2025, Open Lending announced a delay in filing its annual report and postponed its Q4 and full-year 2024 earnings release, leading to a stock price drop of $0.82 per share, or 19.03%, closing at $3.49 per share on March 18, 2025 [3] - Following the filing of its annual report on March 31, 2025, Open Lending disclosed a larger-than-expected Q4 2024 net loss, attributed to a valuation allowance on deferred tax assets, resulting in a stock price decline of $1.59 per share, or 57.61%, closing at $1.17 per share on April 1, 2025 [4]

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.More information about the firm is available through ...

Core Viewpoint - Open Lending Corporation is under investigation for potential violations of federal securities laws and unlawful business practices following significant financial disclosures and a sharp decline in stock price [1][3][4]. Financial Performance - Open Lending announced it would delay its 2024 Annual Report due to the need for additional time to finalize accounting related to profit share revenue, leading to a share price drop from $4.31 to $3.91 [3]. - The company reported a negative quarterly revenue of $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]. - Open Lending also disclosed a net loss of $144 million, which included an $86.1 million valuation allowance on deferred tax assets, increasing income tax expenses [4]. - Following the financial results announcement, the share price plummeted approximately 57%, from $2.76 to $1.17 [4].