PHILADELPHIA, May 05, 2025 (GLOBE NEWSWIRE) -- The law firm of Barrack, Rodos & Bacine announces that a class action lawsuit has been filed on behalf of investors who purchased stock in Open Lending Corp. (NASDAQ: LPRO) between February 24, 2022 and March 31, 2025.  Open Lending is a provider of services to automotive lenders. WHAT’S THIS ABOUT?On March 17, 2025, Open Lending announced that it would postpone its earnings release and conference call, both scheduled for the same day. The company also filed a ...

SAN DIEGO, May 05, 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, both dates 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 o ...

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 ...

NEW YORK, May 2, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Open Lending Corporation (NASDAQ: LPRO) between February 24, 2022 and March 31, 2025, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than June 30, 2025.So what: If you purchased Open Lending securities during the Class Period you may be entitled to compensation ...

ATLANTA, May 02, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Open Lending Corporation (“Open Lending” or the “Company”) (NASDAQ: LPRO). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding Open Lending’s business, operations, and prospects, including allegations that Defendants: (1) misrepresented the capabilities of Open Lending’s risk-based pricing models; (2) issued mater ...

SAN DIEGO, May 2, 2025 /PRNewswire/ -- The law firm of 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 ...

SAN DIEGO, May 1, 2025 /PRNewswire/ -- Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Open Lending Corporation (NASDAQ: LPRO) securities between February 24, 2022 and March 31, 2025. Open Lending is a provider of loan services to automotive lenders.For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The Allegations: Robbins LLP is Investigating Allegations that Open Lending Co ...

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 ...