INVESTOR DEADLINE: Open Lending Corporation (LPRO) 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 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 could not timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - Following the release of its fourth quarter and full year 2024 financial results on March 31, 2025, Open Lending reported a quarterly revenue of negative $56.9 million and a net loss of $144 million, resulting in a nearly 58% decline in stock price [5]. Group 2: Class Action Process - 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 select 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].