BREAKING: Open Lending Corp. Shares Down Over 57%; Block & Leviton Encourages Investors Who ...
BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Open Lending Corp. (Nasdaq: LPRO) for potential securities law violations. Investors who have lost money in their Open Lending Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/lpro.
What is this all about?
Shares of Open Lending Corp. were down 11% in intraday trading on March 18, 2025, following a 9.28% decline on March 17, 2025, after the company announced a delay in filing its annual Form 10-K and postponed its Q4 and full-year 2024 earnings release. Open Lending cited the need for additional time to finalize its financial statements, raising concerns about the company's internal controls and financial reporting.
Shares declined an additional 57% today, after the company reported a larger-than-expected Q4 2024 net loss, driven in part by a valuation allowance on its deferred tax assets that significantly increased its tax expense. The drop follows leadership changes at Open Lending Corp., and the inability of the company to file their Form 10-K in a timely manner.
Who is eligible?
Anyone who purchased Open Lending Corp. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about Open Lending Corp., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at shareholders@blockleviton.com or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: shareholders@blockleviton.com
