GlobeNewswire News Roomยท2025-07-01 01:00Core Insights - Class actions have been initiated for stockholders of Open Lending Corporation and Civitas Resources, with deadlines for lead plaintiff petitions approaching [1] Open Lending Corporation (NASDAQ:LPRO) - The class period for Open Lending is from February 24, 2022, to March 31, 2025, with a lead plaintiff deadline of June 30, 2025 [2] - Allegations include materially false and misleading statements regarding the company's risk-based pricing models, profit share revenue, and the value of vintage loans from 2021 and 2022 [2] - The complaint asserts that the company's positive statements about its business and prospects were misleading and lacked a reasonable basis [2] Civitas Resources, Inc. (NYSE:CIVI) - The class period for Civitas Resources is from February 27, 2024, to February 24, 2025, with a lead plaintiff deadline of July 1, 2025 [3] - Allegations include misleading statements about the likelihood of significant oil production reductions in 2025 and the need for additional acreage and development locations, which could incur significant debt [3] - The lawsuit claims that Civitas Resources' financial condition would necessitate disruptive cost reduction measures, including workforce reductions, and that its business and financial prospects were overstated [3] - On February 24, 2025, Civitas reported Q4 2024 revenue of $1.29 billion, missing estimates by $3.44 million, and non-GAAP EPS of $1.78, missing by $0.21 [4] - The company projected a year-over-year decline in oil production of approximately 4%, alongside a $300 million transaction to expand its Permian Basin position and a $300 million divestment target [4] - Following the announcement, Civitas Resources' stock price fell by more than 18% [4]