Core Viewpoint - A class action lawsuit has been filed against XPEL, Inc. for alleged misleading statements and failure to disclose critical information regarding its market position and revenue growth during the specified Class Period from November 8, 2023, to May 2, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that XPEL's competitors were capturing a larger market share, leading to a reliance on existing customers for revenue growth, which subsequently dwindled for 2023 and 2024 [5]. - Defendants allegedly made positive statements about XPEL's business that were materially misleading and lacked a reasonable basis [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2][3]. Group 2: Legal Representation - The Rosen Law Firm, known for its success in securities class actions, is representing the investors and has a strong track record, including the largest securities class action settlement against a Chinese company [4]. - Investors are advised to select qualified legal counsel with a proven history in leadership roles within class actions [4]. - A lead plaintiff must be appointed by October 7, 2024, to represent the interests of the class members in the litigation [1][3].
ROSEN, LEADING INVESTOR COUNSEL, Encourages XPEL, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – XPEL