INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Open Lending

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Open Lending Corporation due to alleged violations of federal securities laws, encouraging affected investors to come forward before the June 30, 2025 deadline for lead plaintiff applications [3][5]. Group 1: Allegations Against Open Lending - The complaint alleges that Open Lending and its executives made false or misleading statements and failed to disclose material adverse facts about the company's business and operations [5]. - Specific allegations include misrepresentation of the company's risk-based pricing models, misleading statements regarding profit share revenue, and failure to disclose the significant depreciation of 2021 and 2022 vintage loans [5]. - The complaint also claims that the company misrepresented the underperformance of its 2023 and 2024 vintage loans, leading to materially misleading positive statements about its business prospects [5]. Group 2: Stock Price Impact - On March 17, 2025, Open Lending postponed its earnings release and conference call, resulting in a stock price drop of $0.40, or 9.3$3.91 per share [6]. - Following the announcement of a substantial year-over-year increase in net loss for Q4 2024 and significant leadership changes, the stock price fell by $1.59, or 57.61$1.17 per share on April 1, 2025 [7]. Group 3: Legal Proceedings - The court-appointed lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [8]. - Any member of the putative class can move to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [8]. Group 4: Call for Information - Faruqi & Faruqi encourages anyone with information regarding Open Lending's conduct, including whistleblowers and former employees, to contact the firm [9].