NEW YORK CITY, NY / ACCESS Newswire / April 3, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Open Lending Corporation ("Open Lending" or "the Company") (NASDAQ:LPRO). Investors who purchased Open Lending securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LPRO.

Investigation Details

On March 31, 2025, Open Lending released its Q4 and full-year 2024 financial results. 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." Following this news, Open Lending stock dropped by 57.6% on April 1, 2025.

What's Next?

If you are aware of any facts relating to this investigation or purchased Open Lending securities, you can assist this investigation by visiting the firm's site: bgandg.com/LPRO. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

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Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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