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Berman Tabacco Announces Investigation of Open Lending Corporation

1. Berman Tabacco investigates Open Lending for potential securities law violations. 2. LPRO shares fell 10% after postponing its earnings release on March 17. 3. Shares dropped an additional 19% premarket after fourth-quarter results announcement. 4. Jessica Buss appointed as new CEO amid financial challenges. 5. 2024 profits were significantly impacted with $96.1 million reduction in revenues.

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FAQ

Why Very Bearish?

The significant decline in LPRO's stock price following poor earnings and a new CEO appointment signals loss of investor confidence, similar to past instances where management changes leads to stock drops.

How important is it?

The ongoing investigation, substantial revenue loss, and change in leadership directly threaten LPRO's market position, meriting high investor concern.

Why Short Term?

Immediate investor reactions to management changes and earnings outlook typically impact stock prices quickly, as seen in other cases like Tesla or Uber during leadership shifts.

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CARKMXNIO
BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Open Lending Corporation (“Open Lending” or the “Company”) (Nasdaq: LPRO).   About the Investigation On March 17, 2025, Bloomberg reported, “Open Lending shares fall as much as 10% to a record low after the auto loan analytics provider says it postponed its earnings release and conference call, previously scheduled for March 17.” Then, on April 1, 2025, Bloomberg reported “Open Lending shares are down 19% in premarket trading, after the financial services reported its fourth-quarter results and gave an outlook. The company also announced management changes.” In a separate press release, Open Lending announced that it appointed Jessica Buss as Chief Executive Officer, effective immediately. Additionally, the Company stated, “[t]he year ended December 31, 2024 was negatively impacted by a $96.1 million reduction in estimated profit share revenues related to business in historic vintages as compared to a $22.8 million reduction in the prior year.” Contact If you would like more information concerning our investigation, please click here: Shareholder Contact | Berman Tabacco or contact us at 800-516-9926 or law@bermantabacco.com. About Berman Tabacco Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California. This notice may constitute attorney advertising.   Past results do not guarantee future outcomes.  Jay Eng, Esq.Berman TabaccoOne Liberty SquareBoston, Massachusetts(800) 516-9926Email: law@bermantabacco.com

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