Open Lending Corproation April 2, 2025 Please complete the form below to contact Kaplan Fox regarding the Open Lending Investigation: Join a Case First Name * Last Name * Email Address * Phone Number * Ticker Symbol Or Company Name * Please Insert Your Estimation Of Losses In USD * Are you a current or former employee of the company mentioned having traded above? * Yes No Captcha Submit If you are human, leave this field blank. Principle Contacts Pamela MayerPMayer@kaplanfox.comLaurence D. KingLKing@kaplanfox.com Kaplan Fox & Kilsheimer LLP is Investigating Open Lending Corporation (LPRO) for Potential Securities Law Violations Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Open Lending Corporation (“Open Lending” or the “Company”) (NASDAQ: LPRO). CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION If you are an Open Lending investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003. On March 17, 2025, after markets closed, the Company disclosed a delay in filing its annual report on Form 10-K and postponed its fourth quarter and full-year 2024 earnings results and conference call. Following this news, the price of Open Lending stock fell $3.48 per share, nearly 11%, to close at $3.48 on March 18, 2025. On March 31, 2025, after markets closed, the Company reported that “adjustments attributable to the Company’s profit share revenue forecast resulted in a negative change in estimate of $81.3 million, primarily due to heightened delinquencies and corresponding defaults associated with loans originated in 2021 through 2024.” This $81.3 million reversal led to total revenue in the fourth quarter of negative $56.9 million compared to $14.9 million revenue in the prior year’s fourth quarter and a $144.4 million net loss for the fourth quarter – a substantial year-over-year increase compared to the net loss of $4.8 million in the fourth quarter of 2023. The Company also disclosed significant leadership changes, including a new CEO effective immediately. Following this news, the price of Open Lending stock fell $1.59, over 57%, to close at $1.17 on April 1, 2025. WHY CONTACT KAPLAN FOX Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this investigation, please contact: CONTACT: Pamela A. MayerKAPLAN FOX & KILSHEIMER LLP800 Third Avenue, 38th FloorNew York, New York 10022(646) 315-9003pmayer@kaplanfox.com Laurence D. KingKAPLAN FOX & KILSHEIMER LLP1999 Harrison Street, Suite 1560Oakland, California 94612(415) 772-4704lking@kaplanfox.com The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client. Any information you submit will be maintained as confidential. If Kaplan Fox, in its sole discretion, believes that you might be an appropriate client, Kaplan Fox will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases. Connect with Kaplan Fox. Receive a complimentary case review now. Contact Us Franklin Resources, Inc. See the Case Open Lending Corporation See the Case The Bancorp, Inc. See the Case The Vita Coco Company, Inc. See the Case BigBear.ai Holdings See the Case Viatris Inc. See the Case Zynex Inc. See the Case Hesai Group See the Case Ready Capital Corporation See the Case Xponential Fitness, Inc. See the Case e.l.f Beauty, Inc. See the Case TransMedics Group, Inc. See the Case
