The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 7, 2024 in XPEL Technologies Corp. Lawsuit – XPEL

Core Viewpoint - XPEL Technologies Corp. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business performance and market position during the specified class period [2]. Group 1: Allegations and Impact - The complaint alleges that XPEL's competitors were capturing a larger share of the market, which negatively impacted 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 diminished growth prospects for 2023 and 2024 [2]. - The defendants' positive statements about XPEL's business operations and future prospects were claimed to be materially misleading and lacked a reasonable basis [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 28, 2023, to May 2, 2024, and shareholders are encouraged to register for participation [2][3]. - The deadline for shareholders to seek lead plaintiff status is October 7, 2024, and there is no cost or obligation to participate in the case [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [3].