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]

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 regarding its financial performance and risk analytics solutions [1][3]. Company Overview - Open Lending provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers [2]. Allegations - The lawsuit alleges that Open Lending misrepresented the capabilities of its risk-based pricing model and issued materially misleading statements regarding its profit share revenue [3]. - It is claimed that Open Lending failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances and misrepresented the underperformance of its 2023 and 2024 vintage loans [3]. Financial Disclosures - On March 17, 2025, Open Lending announced it would be unable to timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - The financial results for Q4 and full year 2024 revealed a quarterly revenue of negative $56.9 million, attributed to an $81.3 million reduction in estimated profit share revenues due to heightened delinquencies and defaults on loans from 2021 to 2024 [5]. - Open Lending reported a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, which increased its income tax expense [5]. Management Changes - Following the financial disclosures, Open Lending appointed a new CEO and COO, replacing Charles D. Jehl, who had been serving as CEO, COO, and CFO [5]. Legal Process - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of all class members [6].

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 ...

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 regarding its financial performance and risk analytics solutions [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Bradley v. Open Lending Corporation and covers purchasers of Open Lending securities from February 24, 2022, to March 31, 2025, with a deadline of June 30, 2025, for seeking lead plaintiff status [1][6]. - Allegations include misrepresentation of Open Lending's risk-based pricing model, misleading statements about profit share revenue, and failure to disclose the declining value of vintage loans from 2021 and 2022 [3][4]. Group 2: Financial Performance - On March 17, 2025, Open Lending announced it would delay its Annual Report for 2024 due to issues with accounting and profit share revenue, resulting in a stock price drop of over 9% [4]. - The financial results for Q4 and full year 2024 revealed 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 [5]. - Open Lending reported a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, and announced the appointment of a new CEO and COO, leading to a nearly 58% drop in stock price [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Open Lending securities during the class period to seek lead plaintiff status, representing the interests of the class [6].

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 ...