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XPEL, Inc. REMINDER – XPEL Stockholders Should Contact Firm Robbins LLP for Information About the XPEL, Inc. Class Action Lawsuit and Pending Lead Plaintiff Deadline
GlobeNewswire News Room· 2024-09-18 22:30
Core Viewpoint - A class action lawsuit has been filed against XPEL Inc. for allegedly misleading investors about its business prospects, particularly regarding market competition and revenue growth [2]. Group 1: Allegations and Impact - The lawsuit claims that XPEL failed to disclose that its competitors were capturing a larger market share, leading to a reliance on existing customers for revenue growth [2]. - As a result of these undisclosed issues, XPEL's revenue growth for 2023 and 2024 was significantly diminished [2]. - Following the revelation of these facts, XPEL's stock price dropped by $20.93, nearly 39%, closing at $32.86 per share on May 2, 2024 [2]. Group 2: Legal Proceedings - Shareholders interested in participating as lead plaintiffs must submit their documentation by October 7, 2024 [3]. - A lead plaintiff represents the interests of other class members in the litigation process [3]. - Shareholders can choose to remain absent from the case while still being eligible for any recovery [3]. Group 3: About Robbins LLP - Robbins LLP is a law firm specializing in shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [4]. - The firm operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [4].
Contact The Gross Law Firm by October 7, 2024 Deadline to Join Class Action Against XPEL, Inc.(XPEL)
GlobeNewswire News Room· 2024-09-18 17:24
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of XPEL, Inc. regarding a class action lawsuit due to allegations of misleading statements and failure to disclose critical information that affected the company's stock performance [1][2]. Group 1: Allegations and Impact - The class period for the allegations is from November 8, 2023, to May 2, 2024 [2]. - Allegations include that XPEL's competitors were capturing a larger market share, leading to a revenue growth that increasingly relied on existing customers and partners [2]. - As a result of these factors, the company's revenue growth for 2023 and 2024 is reported to have dwindled, and the defendants' positive statements about the company's business were misleading [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action lawsuit by the deadline of October 7, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies engage in responsible business practices [4]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated the company's stock price [4].
Faruqi & Faruqi Reminds XPEL Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 7, 2024 - XPEL
Prnewswire· 2024-09-17 16:05
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against XPEL, Inc. due to allegations of misleading statements and failure to disclose critical information that may have led to significant investor losses [2][4]. Group 1: Allegations and Financial Impact - The complaint against XPEL alleges that the company and its executives violated federal securities laws by making false or misleading statements and failing to disclose that competitors were capturing a larger market share, leading to a reliance on existing customers for revenue growth [4]. - XPEL's revenue growth for 2023 and 2024 is reported to be dwindling as a result of these issues, with the company's positive statements about its business being materially misleading [4]. - On October 19, 2023, a report from Culper Research claimed that XPEL had grossly understated its reliance on Tesla, estimating that Tesla accounts for 25% to 35% of XPEL's paint protection films business, contrary to XPEL's statement of only 5% [5]. - Following the report, XPEL's stock price fell by $10.57, or over 17%, closing at $50.65 per share [5]. - On May 2, 2024, XPEL reported first-quarter financial results, with GAAP earnings per share of $0.24, missing estimates by $0.06, and revenue of $90.1 million, missing estimates by $3.99 million. The company revised its full-year revenue growth projection down to 8-10% from 15% [6]. - This announcement led to a significant drop in XPEL's stock price, which fell by $20.93, or 38.91%, closing at $32.86 per share [6]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $100,000 in XPEL stock or options between November 8, 2023, and May 2, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1]. - There is an October 7, 2024, deadline for investors to seek the role of lead plaintiff in the federal securities class action filed against XPEL [2]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought by the class, who will oversee the litigation on behalf of the class members [7].
Levi & Korsinsky Reminds XPEL, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 7, 2024 - XPEL
Prnewswire· 2024-09-13 09:45
Core Viewpoint - A class action securities lawsuit has been filed against XPEL, Inc. alleging securities fraud that affected investors between November 8, 2023, and May 2, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that XPEL's competitors were capturing a larger market share, leading to a revenue growth that increasingly relied on existing customers and partners [2]. - As a result of these competitive pressures, XPEL's revenue growth for 2023 and 2024 is reported to have diminished [2]. - The defendants are accused of making materially misleading statements regarding the Company's business and prospects, lacking a reasonable basis [2]. Group 2: Next Steps for Investors - Investors who suffered losses in XPEL during the specified timeframe have until October 7, 2024, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
XPEL, Inc. Class Action: The Gross Law Firm Reminds XPEL Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 7, 2024 - XPEL
Prnewswire· 2024-09-12 09:45
NEW YORK, Sept. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of XPEL, Inc. (NASDAQ: XPEL). Shareholders who purchased shares of XPEL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/xpel-inc-loss-submission-form/?id=101874&from=4 CLASS PERIOD: November 8, 2023 to May 2, 2 ...
Shareholders that lost money on XPEL, Inc.(XPEL) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2024-09-11 17:13
NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in XPEL, Inc. ("XPEL" or the "Company") (NASDAQ: XPEL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of XPEL investors who were adversely affected by alleged securities fraud between November 8, 2023 and May 2, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/xpel-inc-lawsuit-submission-form?prid=101 ...
Lost Money on XPEL, Inc.(XPEL)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
GlobeNewswire News Room· 2024-09-10 17:27
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of XPEL, Inc. regarding a class action lawsuit due to allegations of misleading statements and failure to disclose critical information during a specified class period [1][2]. Group 1: Allegations and Impact - The complaint alleges that during the class period from November 8, 2023, to May 2, 2024, XPEL's competitors were capturing a larger share of the market, negatively impacting the company's revenue growth [2]. - As a result of increased competition, XPEL's revenue growth became increasingly reliant on existing customers and partners, leading to a decline in revenue growth for 2023 and 2024 [2]. - The defendants' positive statements regarding XPEL's business operations and prospects were found to be materially misleading and lacked a reasonable basis [2]. Group 2: Class Action Details - Shareholders who purchased XPEL shares during the class period are encouraged to register for the class action, with a deadline set for October 7, 2024 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. - There is no cost or obligation for shareholders to participate in the class action [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [4].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 7, 2024 in XPEL, Inc. Lawsuit - XPEL
Prnewswire· 2024-09-09 14:35
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of XPEL, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during a specified class period, which has impacted its revenue growth and market position [1]. Group 1 - The class period for the allegations is from November 8, 2023, to May 2, 2024 [1]. - Allegations include that XPEL's competitors were capturing a larger market share, leading to a reliance on existing customers for revenue growth [1]. - The company's revenue growth for 2023 and 2024 is reported to be dwindling as a result of these competitive pressures [1]. Group 2 - Shareholders are encouraged to register for the class action by October 7, 2024, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3 - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3]. - The firm emphasizes that prior results do not guarantee similar outcomes in future cases [3].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages XPEL, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – XPEL
GlobeNewswire News Room· 2024-09-07 20:14
NEW YORK, Sept. 07, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of XPEL, Inc. (NASDAQ: XPEL) between November 8, 2023 and May 2, 2024, both dates inclusive (the "Class Period"), of the important October 7, 2024 lead plaintiff deadline. SO WHAT: If you purchased XPEL securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEX ...
Class Action Filed Against XPEL, Inc. (XPEL) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2024-09-06 09:45
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in XPEL, Inc. ("XPEL" or the "Company") (NASDAQ: XPEL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of XPEL investors who were adversely affected by alleged securities fraud between November 8, 2023 and May 2, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/xpel-inc-lawsuit-submission-form?prid=100424&w ...