Core Viewpoint - A class action securities lawsuit has been filed against XPEL, Inc. alleging securities fraud that negatively impacted investors between November 8, 2023, and May 2, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that XPEL's competitors were capturing a larger share of the market, which led to a reliance on existing customers for revenue growth [2]. - As a result of the competitive pressures, XPEL's revenue growth for 2023 and 2024 was significantly diminished [2]. - The defendants allegedly made misleading positive statements regarding the Company's business and prospects, which lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until October 7, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing substantial settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
XPEL, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – XPEL