Workflow
Levi & Korsinsky Reminds XPEL, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 7, 2024 - XPEL
XPELXPEL(US:XPEL) Prnewswireยท2024-09-13 09:45

Core Viewpoint - A class action securities lawsuit has been filed against XPEL, Inc. alleging securities fraud that affected investors between November 8, 2023, and May 2, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that XPEL's competitors were capturing a larger market share, leading to a revenue growth that increasingly relied on existing customers and partners [2]. - As a result of these competitive pressures, XPEL's revenue growth for 2023 and 2024 is reported to have diminished [2]. - The defendants are accused of making materially misleading statements regarding the Company's business and prospects, lacking a reasonable basis [2]. Group 2: Next Steps for Investors - Investors who suffered losses in XPEL during the specified timeframe have until October 7, 2024, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].