LPRO INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Open Lending Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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 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 not timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - The financial results released on March 31, 2025, showed 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 [5]. - Open Lending reported a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, and the stock price fell nearly 58% following this announcement [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, 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: Company Background - Open Lending provides lending enablement and risk analytics solutions to various financial institutions, including credit unions and regional banks [2].