Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
LPRO Investors Have Opportunity to Join Open Lending Corporation Securities Fraud Investigation with the Schall Law Firm
By AP News - Apr 07, 2025, 01:04 PM ET
Last Updated - Apr 07, 2025, 01:04 PM EDT
LOS ANGELES, April 7, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Open Lending Corporation ("Open Lending" or "the Company") (NASDAQ: LPRO ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Open Lending released its Q4 and full year 2024 financial results on March 31, 2025. The Company reported "a $81.3 million reduction in estimated profit share revenues related to business in historic vintages" . . . "primarily due to heightened delinquencies and corresponding defaults associated with loans originated in 2021 through 2024." The Company added that its results were "negatively impacted by the recording of a valuation allowance on [its] deferred tax assets of $86.1 million, which increased [its] income tax expense during the period." Based on this news, shared of Open Lending fell by 57.6% on April 1, 2025.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
View original content to download multimedia: https://www.prnewswire.com/news-releases/lpro-investors-have-opportunity-to-join-open-lending-corporation-securities-fraud-investigation-with-the-schall-law-firm-302421662.html
SOURCE The Schall Law Firm
Sponsored
Read More from Press Releases
Popular News
Latest News
