INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Open Lending Corporation of Class Action Lawsuit and Upcoming Deadlines - LPRO

Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation, alleging securities fraud and unlawful business practices by the company and certain officers and directors [2][4]. Group 1: Lawsuit Details - Investors are encouraged to contact Pomerantz LLP if they purchased Open Lending securities during the class period, with a deadline to apply as Lead Plaintiff by June 30, 2025 [2][3]. - The lawsuit follows Open Lending's failure to timely file its Annual Report for 2024, citing the need for additional time to finalize accounting related to profit share revenue [4]. Group 2: Financial Performance - On March 31, 2025, Open Lending reported 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 on loans originated between 2021 and 2024 [5]. - Following the financial disclosure, Open Lending's stock price dropped significantly, falling $1.59 per share, or 57.61$1.17 per share on April 1, 2025 [6]. Group 3: Management Changes - Open Lending announced the appointment of a new CEO and COO, replacing Charles D. Jehl, who previously held multiple executive roles [5].