Lost Money on XPEL, Inc.(XPEL)? Join Class Action Suit Seeking Recovery

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of XPEL, Inc. regarding a class action lawsuit due to allegations of misleading statements and failure to disclose critical information during a specified class period [1][2]. Group 1: Allegations and Impact - The complaint alleges that during the class period from November 8, 2023, to May 2, 2024, XPEL's competitors were capturing a larger share of the market, negatively impacting 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 a decline in revenue growth for 2023 and 2024 [2]. - The defendants' positive statements regarding XPEL's business operations and prospects were found to be materially misleading and lacked a reasonable basis [2]. Group 2: Class Action Details - Shareholders who purchased XPEL shares during the class period are encouraged to register for the class action, with a deadline set for October 7, 2024 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. - There is no cost or obligation for shareholders to participate in the class action [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [4].