LPRO INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Open Lending Corporation Investors with Substantial Losses Have Opportunity to Lead Investor 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 regarding its financial performance and risk analytics solutions [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 delay its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - The financial results for Q4 and full year 2024 revealed 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 lawsuit, representing the interests of the class [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: About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been ranked 1 in securing monetary relief for investors in securities class action cases for four out of the last five years [7].