SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against XPEL, Inc. - XPEL
Group 1 - A class action lawsuit has been filed against XPEL, Inc. concerning allegations of securities fraud and unlawful business practices by the company and its officers [2] - XPEL reported a 5% year-over-year revenue growth for Q1 2024, which was below analyst expectations, leading to a significant drop in stock price [2] - Following the earnings announcement, XPEL's CEO acknowledged customer losses in the aftermarket channel, contributing to a nearly 39% decline in stock price, closing at $32.86 per share [2] Group 2 - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering billions in damages for class members [3]