#United States #Robbins Geller #San Diego #Class Action #Open Lending

Open Lending Corporation Investors Class Action Alert

Introduction
Investors who have sustained substantial financial losses from their investments in Open Lending Corporation (NASDAQ: LPRO) now have a critical opportunity to take action. Robbins Geller Rudman & Dowd LLP has officially announced that those who bought or otherwise acquired the company’s securities between February 24, 2022, and March 31, 2025, are invited to lead a class action lawsuit against Open Lending. This opportunity comes as investors seek restitution for misleading practices alleged against the company and its executives.

Details of the Lawsuit
A significant backdrop to this class action lawsuit, identified as Bradley v. Open Lending Corporation (No. 25-cv-00650, W.D. Tex.), is rooted in severe allegations concerning violations of the Securities Exchange Act of 1934. The complaint states that, during the specified class period, the defendants, including current and former executives, are said to have made false statements and materially misleading omissions regarding the operational capabilities and financial stability of Open Lending.

Key allegations include:

• - Misrepresentation of the effectiveness of Open Lending's risk-based pricing model.
• - Issuing misleading statements about profit share revenue, which conceals the actual financial health of the company.
• - Failing to disclose substantial declines in the value of both the 2021 and 2022 vintage loans relative to outstanding balances.
• - Misrepresenting the underperformance of loans from 2023 and 2024, which further eroded investor confidence.

The claims underscore a shocking disclosure made on March 17, 2025, when Open Lending revealed its inability to file its Annual Report for 2024 in a timely manner, citing the need for additional time to finalize accounting and reviewing processes. This announcement led to a notable decline of more than 9% in the company’s stock price.

Following this revelation, Open Lending reported its fourth quarter and full-year financial results on March 31, 2025, which highlighted quarterly revenues of negative $56.9 million — primarily attributable to an $81.3 million reduction in anticipated profit share revenues. As a result of these developments, shares in the company plummeted nearly 58%.

Lead Plaintiff Process
Under the Private Securities Litigation Reform Act of 1995, any investor who purchased or obtained Open Lending shares during the class period can apply to become the lead plaintiff in this case. The lead plaintiff plays a vital role by representing the interests of all class members and guiding the lawsuit, including selecting legal counsel of their choice.

It is crucial to note that an individual’s eligibility for potential recovery does not depend on being designated as the lead plaintiff. This allows all affected parties to voice their concerns and recover potential losses equitably.

About Robbins Geller
Robbins Geller Rudman & Dowd LLP stands as a preeminent law firm with a demonstrated history of advocating for investors embroiled in securities fraud and shareholder litigation. Acknowledged as a leader in securing financial relief for investors, the firm has recovered over $2.5 billion in securities-related class action cases within the last year alone. Notably, the firm has played a pivotal role in several high-profile recoveries, including significant settlements in various landmark cases.

Conclusion
This class action lawsuit provides a vital opportunity for Open Lending investors to seek justice and recover losses from alleged fraudulent activity that misled the investor community. Interested investors should act promptly, as the deadline for seeking lead plaintiff status is June 30, 2025. For additional details, potential plaintiffs can reach out via the designated channels of Robbins Geller, underlining the importance of swift action in such situations.

Investors are encouraged to stay informed, as participation in this lawsuit represents not only a legal recourse but also a pathway toward accountability from the company and its executives.