#United States #New York #Pomerantz LLP #Open Lending #LPRO

Pomerantz Law Firm Investigates Open Lending Corp.

Pomerantz LLP, a prominent law firm known for its expertise in securities class actions, has initiated an investigation concerning allegations of misconduct against Open Lending Corp. (NASDAQ: LPRO). The firm seeks to represent investors who may have suffered losses due to potential securities fraud by the company and its officers.

Background on Open Lending Corp.

Open Lending provides automated lending services to consumers, specifically for automotive finance. The firm has gained attention in the market for its innovative lending solutions, but recent developments have raised red flags for investors. On March 17, 2025, Open Lending announced a delay in filing its annual report with the U.S. Securities and Exchange Commission (SEC) due to the need for additional time to finalize necessary financial statements. This delay triggered concerns among shareholders regarding the company's financial health and accounting practices.

The Triggering Events

The situation escalated when, following the announcement of the filing delay, the company's stock experienced a swift decline. Within just two trading sessions, Open Lending’s shares fell by 19.03%, closing at $3.49. Investors were further alarmed when, on March 31, 2025, the firm revealed a greater-than-expected net loss for the fourth quarter of 2024, attributing it to an increased tax expense caused by a valuation allowance on its deferred tax assets. These disclosures led to a staggering drop of 57.61% in share price, plummeting to $1.17 on April 1, 2025.

The Investigation

Pomerantz LLP is looking into whether Open Lending and its management engaged in illegal business tactics or securities fraud leading up to these significant financial disclosures. Investors who have incurred losses during this turbulent period are encouraged to reach out to the law firm for consultation. Danielle Peyton of Pomerantz LLP can be contacted at [email protected] or by calling 646-581-9980.

Pomerantz's Track Record

Founded over 85 years ago by Abraham L. Pomerantz, the firm has established a strong reputation in the field of corporate and securities class actions. Known for its dedication to protecting the rights of investors, Pomerantz has secured numerous multimillion-dollar settlements on behalf of its clients affected by securities fraud, fiduciary breaches, and corporate malfeasance.

As part of its commitment, the firm believes that transparency and ethical practices are paramount in the corporate world and will continue fighting for the rights of those wronged by such actions.

For more detailed information about the ongoing investigation or to participate in the class action, investors can visit Pomerantz’s official website at www.pomlaw.com.

Conclusion

The investigation into Open Lending Corp. serves as a reminder of the importance of due diligence and corporate accountability. Pomerantz LLP’s efforts highlight the firm’s role in holding companies accountable for their actions, ensuring that investors' interests are safeguarded against potential fraudulent practices. Stakeholders are advised to stay informed and consider their options as this case unfolds.