BREAKING: Open Lending Corp. Shares Down Over 57%; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm Regarding Fraud Investigation
Open LendingOpen Lending(US:LPRO) GlobeNewswire News Room·2025-04-01 22:08

Core Viewpoint - Open Lending Corp. is under investigation for potential securities law violations following significant declines in its stock price due to delays in financial reporting and a larger-than-expected net loss in Q4 2024 [1][2][3] Group 1: Stock Performance and Financial Reporting - Shares of Open Lending Corp. fell 11% on March 18, 2025, after a 9.28% decline on March 17, 2025, due to a delay in filing its annual Form 10-K and postponement of its Q4 and full-year 2024 earnings release [2] - The company reported a larger-than-expected net loss for Q4 2024, leading to an additional 57% drop in stock price, attributed to a valuation allowance on deferred tax assets that increased tax expenses [3] Group 2: Legal Investigation and Investor Actions - Block & Leviton is investigating Open Lending Corp. for potential securities law violations and may file an action to recover losses for affected investors [5] - Investors who purchased Open Lending Corp. common stock and experienced a decline in share value may be eligible to participate in the investigation [4] Group 3: Whistleblower Information - Individuals with non-public information about Open Lending Corp. are encouraged to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [7]

BLOCK-BREAKING: Open Lending Corp. Shares Down Over 57%; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm Regarding Fraud Investigation - Reportify