XPEL(US:XPEL) Prnewswireยท2024-09-09 14:35Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of XPEL, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during a specified class period, which has impacted its revenue growth and market position [1]. Group 1 - The class period for the allegations is from November 8, 2023, to May 2, 2024 [1]. - Allegations include that XPEL's competitors were capturing a larger market share, leading to a reliance on existing customers for revenue growth [1]. - The company's revenue growth for 2023 and 2024 is reported to be dwindling as a result of these competitive pressures [1]. Group 2 - Shareholders are encouraged to register for the class action by October 7, 2024, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3 - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3]. - The firm emphasizes that prior results do not guarantee similar outcomes in future cases [3].