Kirby McInerney LLP Announces Investigation of Possible Claims Against Open Lending Corporation (LPRO) on Behalf of Investors

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].