Barrack, Rodos & Bacine Notifies Shareholders of Open Lending Corp. (LPRO) of a Securities Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Open Lending Corp. due to significant financial losses reported by the company, impacting investors who purchased stock between February 24, 2022, and March 31, 2025 [1]. Financial Performance - Open Lending postponed its earnings release and conference call on March 17, 2025, and requested additional time to complete its annual 10-K report, leading to a 9.3% drop in share price to $3.91 [2]. - On March 31, 2025, Open Lending reported a net loss of $144 million, attributed to the deterioration of prior loan vintages, elevated delinquencies and defaults, and increased income tax expenses [3]. - Following the loss announcement, Open Lending's stock plummeted nearly 58%, closing at $1.17 per share [4]. Legal Actions - Investors who purchased Open Lending stock during the specified class period and incurred losses are encouraged to contact the law firm Barrack, Rodos & Bacine regarding their rights and the potential for leading the class action lawsuit [5]. - The deadline for investors to submit a motion to be appointed as lead plaintiff is June 30, 2025, although participation in any recovery does not require serving as lead plaintiff [6]. Law Firm Background - Barrack, Rodos & Bacine has over 40 years of experience in prosecuting securities law class actions, achieving significant recoveries for investors in high-profile cases [7].