Core Viewpoint - A class action securities lawsuit has been filed against Open Lending Corporation, alleging securities fraud that affected investors between February 24, 2022, and March 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that the defendants made false statements regarding the Company's risk-based pricing models and profit share revenue [2]. - It is alleged that the Company failed to disclose that its 2021 and 2022 vintage loans had significantly depreciated in value compared to their outstanding loan balances [2]. - The complaint also states that the defendants misrepresented the underperformance of the Company's 2023 and 2024 vintage loans, leading to misleading positive statements about the Company's business and prospects [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 30, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].

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 lawsuit, titled Bradley v. Open Lending Corporation, allows purchasers of Open Lending securities from February 24, 2022, to March 31, 2025, to seek lead plaintiff status by June 30, 2025 [1]. - The firm Robbins Geller Rudman & Dowd LLP is representing the plaintiffs in this case [2]. Allegations Against Open Lending - The lawsuit alleges that Open Lending misrepresented its risk-based pricing model and profit share revenue, failed to disclose significant losses in vintage loans from 2021 and 2022, and misrepresented the performance of loans from 2023 and 2024 [3]. - On March 17, 2025, Open Lending announced it could not timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. Financial Performance - 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 appointed [5]. Legal Process for Lead Plaintiff - 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].

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]. Company Overview - Open Lending Corporation, headquartered in Austin, Texas, provides loan services to auto lenders through a cloud-based auto lending protection platform [2]. Allegations - The lawsuit claims that Open Lending misrepresented its risk-based pricing models and profit share revenue, failed to disclose the diminished value of its 2021 and 2022 vintage loans, and misrepresented the underperformance of its 2023 and 2024 vintage loans [3]. Financial Disclosure - 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 9% drop in share price to $3.91 [4]. - The company reported a quarterly revenue of negative $56.9 million for Q4 2024, 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 decline in estimated profit share was linked to the deterioration of 2021 and 2022 vintages, underperformance of 2023 and 2024 vintages, and ongoing elevated delinquencies [5]. Market Reaction - Following the financial disclosures, Open Lending's share price plummeted by 57% to close at $1.17 on April 1, 2025 [6].

Core Viewpoint - Open Lending Corporation is facing a securities fraud class action lawsuit, with a deadline for investors to act by June 30, 2025 [1][3][4] Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Western District of Texas on behalf of investors who purchased or acquired Open Lending securities between February 24, 2022, and March 31, 2025 [3] - The allegations include violations of the Securities Exchange Act of 1934, specifically concerning misrepresentations about the capabilities of the Company's risk-based pricing models [3] Group 2: Investor Participation - Investors who wish to serve as lead plaintiff must file necessary documents by June 30, 2025, although participation as a lead plaintiff is not required to share in any potential recovery [4] - All legal representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4] Group 3: Law Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [5] - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [5]

NEW YORK, May 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. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Open Lending Corporation investors who were ad ...

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 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, representing the interests of the class [6]. - The lead plaintiff will have the authority to select a law firm for the litigation and does not need to be the lead plaintiff 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 for alleged violations of federal securities laws, specifically regarding misleading statements about its risk-based pricing model and profit share revenue [1] Group 1: Lawsuit Details - The lawsuit claims that Open Lending overstated the capabilities of its risk-based pricing model and misrepresented its profit share revenue [1] - It is alleged that the company failed to disclose that loans from 2021 and 2022 were worth less than their outstanding balances [1] - Investors were misled about the underperformance of the company's vintage loans from 2023 and 2024 [1] Group 2: Shareholder Information - Shareholders who purchased Open Lending securities between February 24, 2022, and March 31, 2025, are encouraged to contact the DJS Law Group before June 30, 2025, to participate in the lawsuit [1][2]

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: Class Action 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 [1]. - Investors have until June 30, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - 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]. Group 2: Financial Performance and Impact - On March 17, 2025, Open Lending announced it would delay filing its Annual Report for 2024 due to issues with accounting and profit share revenue, leading to a stock price drop of over 9% [4]. - The company reported a quarterly revenue of negative $56.9 million for Q4 2024, 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 also disclosed a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, and appointed a new CEO and COO, resulting in a nearly 58% drop in stock price [5].

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][2]. Summary by Relevant Sections Allegations - Defendants allegedly made false statements and concealed information regarding: - Misrepresentation of the capabilities of the company's risk-based pricing models - Materially misleading statements about the company's profit share revenue - Failure to disclose that the 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances - Misrepresentation of the underperformance of the 2023 and 2024 vintage loans [1]. Class Period and Registration - The class period for the lawsuit is from February 24, 2022, to March 31, 2025 - Shareholders who purchased shares during this period are encouraged to register for the class action by June 30, 2025, to potentially be appointed as lead plaintiffs [1][2]. Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle - Participation in the case incurs no cost or obligation for shareholders [2]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

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, attributed to an $81.3 million reduction in estimated profit share revenues due to heightened delinquencies and defaults [5]. - Open Lending identified three factors contributing to the reduction in estimated profit share: deterioration of 2021 and 2022 vintages, underperformance of 2023 and 2024 vintages, and continued elevated delinquencies [5]. - Following the financial disclosure, the share price plummeted 57% to $1.17 on April 1, 2025 [6].