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 the capabilities of its risk-based pricing model and issued materially misleading statements regarding profit share revenue [3]. - It is claimed that Open Lending's vintage loans from 2021 and 2022 were worth significantly less than their outstanding balances, and there were misrepresentations regarding the underperformance of loans from 2023 and 2024 [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]. - 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, causing the stock price to fall nearly 58% [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 class action lawsuit, which allows them to act on behalf of other class members [6]. - The lead plaintiff can select a law firm of their choice to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing 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].

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]. Summary by Sections Class Action Lawsuit Details - The class action lawsuit, titled Bradley v. Open Lending Corporation, is open for investors who purchased Open Lending securities between February 24, 2022, and March 31, 2025, to seek appointment as lead plaintiff [1]. - The lawsuit alleges that Open Lending and certain executives made false statements about the company's risk-based pricing model and profit share revenue [3]. Allegations Against Open Lending - Specific allegations include misrepresentation of the capabilities of Open Lending's risk-based pricing model, misleading statements about profit share revenue, and failure to disclose significant declines in the value of vintage loans from 2021 and 2022 [3]. - The lawsuit claims that on March 17, 2025, Open Lending announced it would not timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. Financial Performance and Impact - 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 from 2021 to 2024 [5]. - The company also disclosed a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, and announced a change in leadership with a new CEO and COO [5]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Open Lending securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [6]. About Robbins Geller - 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].

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 the capabilities of 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]. - Following the release of its Q4 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, causing its stock price to plummet nearly 58% [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 all class members [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 Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been recognized for securing significant monetary relief for investors, including the largest recovery in history of $7.2 billion in the Enron case [8].

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][4]. 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]. - Following the release of its Q4 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, causing its stock price to plummet nearly 58% [5]. Group 2: Class Action Process - Investors who purchased Open Lending securities during the specified class period can seek appointment as lead plaintiff in the class action lawsuit, representing the interests of all class members [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 Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has been recognized for its significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [8].

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].

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]. Company Overview - Open Lending provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers [2]. Allegations - The lawsuit alleges that Open Lending misrepresented the capabilities of its risk-based pricing model and issued materially misleading statements regarding profit share revenue [3]. - It is claimed that Open Lending failed to disclose that its 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances, and misrepresented the underperformance of its 2023 and 2024 vintage loans [3]. Financial Disclosures - On March 17, 2025, Open Lending announced it would be unable to timely file 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 heightened delinquencies and defaults [5]. - Open Lending reported a net loss of $144 million, impacted by a valuation allowance on deferred tax assets of $86.1 million, which increased its income tax expense [5]. Management Changes - Following the financial disclosures, Open Lending appointed a new CEO and COO, replacing Charles D. Jehl, who had been serving as CEO, COO, and CFO [5]. Legal Process - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of other class members [6].

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]. Summary by Sections Class Action Lawsuit Details - The lawsuit, titled Bradley v. Open Lending Corporation, allows purchasers of Open Lending securities from February 24, 2022, to March 31, 2025, to seek lead plaintiff status by June 30, 2025 [1]. - The firm Robbins Geller Rudman & Dowd LLP is representing the plaintiffs in this case [2]. Allegations Against Open Lending - The lawsuit alleges that Open Lending misrepresented its risk-based pricing model and profit share revenue, failed to disclose significant losses in vintage loans from 2021 and 2022, and misrepresented the performance of loans from 2023 and 2024 [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]. 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 from 2021 to 2024 [5]. - The company also disclosed a net loss of $144 million, impacted by an $86.1 million valuation allowance on deferred tax assets, and announced a change in leadership with a new CEO and COO appointed [5]. Legal Process for Lead Plaintiff - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Open Lending securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [6]. About Robbins Geller - 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].

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]. - Following the release of its Q4 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, causing its stock price to plummet nearly 58% [5]. Group 2: Class Action Process - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff, representing the interests of the class [6]. - The lead plaintiff will have the authority to select a law firm for the litigation and does not need to be the lead plaintiff 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].

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].

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: Class Action Details - The class action lawsuit is titled Bradley v. Open Lending Corporation and covers purchasers of Open Lending securities from February 24, 2022, to March 31, 2025 [1]. - Investors have until June 30, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - 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]. Group 2: Financial Performance and Impact - On March 17, 2025, Open Lending announced it would delay filing its Annual Report for 2024 due to issues with accounting and profit share revenue, 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 announced a change in leadership with a new CEO and COO [5]. The stock price fell nearly 58% following this announcement [5].