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XPEL INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that XPEL, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
XPELXPEL(US:XPEL) GlobeNewswire News Roomยท2024-08-11 20:00

Core Viewpoint - A class action lawsuit has been filed against XPEL, Inc. for alleged violations of federal securities laws during the specified Class Period [1][2]. Group 1: Class Definition - The lawsuit seeks to recover damages for all individuals and entities that purchased or acquired XPEL securities between November 8, 2023, and May 2, 2024 [2]. Group 2: Case Details - The complaint alleges that during the Class Period, Defendants made materially false and misleading statements and failed to disclose adverse facts about XPEL's business and prospects [3]. - Specific allegations include: (1) Competitors were capturing a larger market share; (2) Revenue growth became increasingly reliant on existing customers; (3) Revenue growth for 2023 and 2024 declined; (4) Defendants' positive statements lacked a reasonable basis [3]. Group 3: Next Steps - Investors who suffered losses in XPEL have until October 7, 2024, to request appointment as lead plaintiff in the lawsuit [4].