#United States #Austin #Securities Fraud #Berger Montague #Open Lending

Class Action Reminder for Open Lending Corporation Investors

As investors in Open Lending Corporation (NASDAQ: LPRO), you might want to pay close attention to the recent developments concerning a securities class action lawsuit. Berger Montague PC, a reputable law firm specializing in securities litigation, is advising individuals who purchased Open Lending securities between February 24, 2022, and March 31, 2025, to consider their legal options.

What You Need to Know

The lawsuit is centered around allegations that Open Lending misrepresented critical details about its financial practices, including its risk-based pricing models and profit share revenue. It wasn’t until March 2025 that the company admitted it faced challenges in finalizing its accounting processes related to profit share revenue, leading to significant drops in stock value. Following the disclosures, Open Lending's shares saw a staggering decline, with significant losses reported shortly after.

Timeline of Events:

• - Class Period: February 24, 2022 – March 31, 2025
• - Initial Disclosure of Problems: March 17, 2025
• - Follow-Up Financial Results Release: March 31, 2025

On March 31, after revealing a shocking negative revenue amount of $56.9 million, the company conceded that many of its loans originated in 2021 and 2022 were now worth substantially less than expected. This news stunned investors, causing shares to plummet dramatically, plunging the stock by 57% in days.

Investors’ Rights

If you believe you have been affected, the deadline for filing to become the lead plaintiff in this case is June 30, 2025. As a lead plaintiff, you would act on behalf of all class members, guiding the course of the litigation against Open Lending. This role does not affect your eligibility to recover any damages, regardless of whether or not you assume this position.

How to Proceed

To explore your rights further and understand how to act:

• - Reach out directly to Berger Montague at 215-875-3015.
• - Email inquiries can be sent to Andrew Abramowitz or Peter Hamner at their respective addresses available through the firm's website.
• - Interested investors can also visit Berger Montague’s website to find more detailed information about the case and guidance on becoming involved in the class action.

The Bigger Picture

Berger Montague has a long history in securities litigation, dating back to its founding in 1970. The firm has acted on behalf of investors, navigating complexities in the financial market while holding companies accountable for their actions—a fundamental right that every investor should be aware of.

As investors, being informed and proactive can help mitigate losses in stock. If you find yourself in a challenging position with Open Lending or similar companies, do not hesitate to seek legal counsel and understand your options as a class member. Time is of the essence, and immediate action is highly encouraged before the June 30, 2025 deadline.