Open Lending Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. June 30, 2025 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - Open Lending Corporation is facing a class action lawsuit due to allegations of misleading statements and failure to disclose critical financial information during the Class Period from February 24, 2022, to March 31, 2025 [3][4]. Group 1: Allegations Against Open Lending - The lawsuit claims that Open Lending misrepresented the effectiveness and functionality of its risk-based pricing model [3]. - It is alleged that the company made materially inaccurate statements regarding its profit share revenue [3]. - The defendants failed to disclose that the 2021 and 2022 vintage loans had significantly declined in value compared to their outstanding balances [3]. - The poor performance of Open Lending's 2023 and 2024 vintage loans was mischaracterized by the defendants [3]. Group 2: Impact of the Lawsuit - On March 17, 2025, Open Lending announced it would not be able to timely file its 2024 Annual Report, citing the need for additional time to complete accounting and review procedures related to profit share revenue [4]. - Following this announcement, Open Lending's stock price declined by over 9% [4]. Group 3: Legal Representation - The Portnoy Law Firm is representing investors in this class action lawsuit and offers complimentary case evaluations [2][5]. - Investors have until June 30, 2025, to file a lead plaintiff motion [1].