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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Open Lending Corporation and Civitas Resources and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-01 01:00
Core Insights - Class actions have been initiated for stockholders of Open Lending Corporation and Civitas Resources, with deadlines for lead plaintiff petitions approaching [1] Open Lending Corporation (NASDAQ:LPRO) - The class period for Open Lending is from February 24, 2022, to March 31, 2025, with a lead plaintiff deadline of June 30, 2025 [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 [2] - The complaint asserts that the company's positive statements about its business and prospects were misleading and lacked a reasonable basis [2] Civitas Resources, Inc. (NYSE:CIVI) - The class period for Civitas Resources is from February 27, 2024, to February 24, 2025, with a lead plaintiff deadline of July 1, 2025 [3] - Allegations include misleading statements about the likelihood of significant oil production reductions in 2025 and the need for additional acreage and development locations, which could incur significant debt [3] - The lawsuit claims that Civitas Resources' financial condition would necessitate disruptive cost reduction measures, including workforce reductions, and that its business and financial prospects were overstated [3] - On February 24, 2025, Civitas reported Q4 2024 revenue of $1.29 billion, missing estimates by $3.44 million, and non-GAAP EPS of $1.78, missing by $0.21 [4] - The company projected a year-over-year decline in oil production of approximately 4%, alongside a $300 million transaction to expand its Permian Basin position and a $300 million divestment target [4] - Following the announcement, Civitas Resources' stock price fell by more than 18% [4]
June 30, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against LPRO
GlobeNewswire News Room· 2025-06-30 19:47
NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Open Lending Corporation ("Open Lending Corporation" or the "Company") (NASDAQ: LPRO) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Open Lending Corporation investors who were adversely affected by alleged securities fraud between February 24, 2022 and March 31, 2025. Follow the link below to get more information and be contacted by a member of our team: https:// ...
LPRO Deadline: LPRO Investors with Losses in Excess of $100K Have Opportunity to Lead Open Lending Corporation Securities Fraud Lawsuit
Prnewswire· 2025-06-27 18:07
NEW YORK, June 27, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Open Lending Corporation (NASDAQ: LPRO) between February 24, 2022 and March 31, 2025, both dates inclusive (the "Class Period"), of the important June 30, 2025 lead plaintiff deadline.So what: If you purchased Open Lending securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangemen ...
INVESTOR DEADLINE MONDAY: Robbins Geller Rudman & Dowd LLP Announces that Open Lending Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - LPRO
GlobeNewswire News Room· 2025-06-27 17:17
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 the capabilities of its risk-based pricing model and issued materially misleading statements regarding profit share revenue [3]. - It is claimed that Open Lending's vintage loans from 2021 and 2022 were worth significantly less than their outstanding balances, and there were misrepresentations regarding the underperformance of loans from 2023 and 2024 [3]. - On March 17, 2025, Open Lending announced it would delay its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - Following the release of its fourth quarter and full year 2024 financial results on March 31, 2025, Open Lending reported a quarterly revenue of negative $56.9 million and a net loss of $144 million, causing the stock price to fall nearly 58% [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, which allows them to act on behalf of other class members [6]. - The lead plaintiff can select a law firm of their choice to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been ranked 1 in securing monetary relief for investors in securities class action cases for four out of the last five years [7].
Investors in Open Lending Corporation Should Contact Levi & Korsinsky Before June 30, 2025 to Discuss Your Rights - LPRO
Prnewswire· 2025-06-27 13:00
NEW YORK, June 27, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Open Lending Corporation ("Open Lending Corporation" or the "Company") (NASDAQ: LPRO) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Open Lending Corporation investors who were adversely affected by alleged securities fraud between February 24, 2022 and March 31, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.co ...
Open Lending Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before June 30, 2025 to Discuss Your Rights – LPRO
GlobeNewswire News Room· 2025-06-26 20:38
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Open Lending Corporation regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial performance and risk-based pricing models [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 24, 2022, to March 31, 2025 [3]. - Allegations include: - Misrepresentation of the capabilities of the company's risk-based pricing models [3]. - Issuance of materially misleading statements regarding profit share revenue [3]. - Failure to disclose that the 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [3]. - Misrepresentation of the underperformance of the 2023 and 2024 vintage loans [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 30, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock [5].
The Gross Law Firm Notifies Open Lending Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - LPRO
Prnewswire· 2025-06-26 13:00
NEW YORK, June 26, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Open Lending Corporation (NASDAQ: LPRO).Shareholders who purchased shares of LPRO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/open-lending-corporation-loss-submission-form/?id=154274&from=4CLASS PERIOD: Feb ...
MONDAY INVESTOR DEADLINE: Open Lending Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - LPRO
Prnewswire· 2025-06-26 09:05
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]. Summary by Sections Class Action Lawsuit Details - The class action lawsuit, titled Bradley v. Open Lending Corporation, is open for investors who purchased Open Lending securities between February 24, 2022, and March 31, 2025, to seek appointment as lead plaintiff [1]. - The lawsuit alleges that Open Lending and certain executives made false statements about the company's risk-based pricing model and profit share revenue [3]. Allegations Against Open Lending - Specific allegations include misrepresentation of the capabilities of Open Lending's risk-based pricing model, misleading statements about profit share revenue, and failure to disclose significant declines in the value of vintage loans from 2021 and 2022 [3]. - The lawsuit claims that 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]. Financial Performance and Impact - 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 [5]. - The company also disclosed a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, and announced a change in leadership with a new CEO and COO [5]. Lead Plaintiff 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, which involves directing the lawsuit on behalf of all class members [6]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].
LPRO FINAL DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Open Lending Corporation Investors to Secure Counsel Before Important June 30 Deadline in Securities Class Action – LPRO
GlobeNewswire News Room· 2025-06-25 21:40
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Open Lending Corporation securities between February 24, 2022, and March 31, 2025, of the June 30, 2025, lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Open Lending securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by June 30, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Rosen Law Firm has been recognized as a leader in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4]. Group 3: Case Allegations - The lawsuit alleges that Open Lending's defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [5]. - Specific allegations include misrepresentation of Open Lending's risk-based pricing models and profit share revenue, as well as the underperformance of vintage loans from 2021 to 2024 [5]. - The lawsuit claims that these misleading statements resulted in investor damages when the true details became known [5].
INVESTOR DEADLINE NEXT WEEK: Robbins Geller Rudman & Dowd LLP Announces that Open Lending Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – LPRO
GlobeNewswire News Room· 2025-06-24 23:15
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: Allegations and Financial Impact - The lawsuit alleges that Open Lending misrepresented the capabilities of 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 delay its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - Following the release of its Q4 and full year 2024 financial results on March 31, 2025, Open Lending reported a quarterly revenue of negative $56.9 million and a net loss of $144 million, causing its stock price to plummet nearly 58% [5]. Group 2: Class Action Process - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff in the 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: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been recognized for securing significant monetary relief for investors, including the largest recovery in history of $7.2 billion in the Enron case [8].