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XPEL, Inc. REMINDER – XPEL Stockholders Should Contact Firm Robbins LLP for Information About the XPEL, Inc. Class Action Lawsuit and Pending Lead Plaintiff Deadline
XPELXPEL(US:XPEL) GlobeNewswire News Room·2024-09-18 22:30

Core Viewpoint - A class action lawsuit has been filed against XPEL Inc. for allegedly misleading investors about its business prospects, particularly regarding market competition and revenue growth [2]. Group 1: Allegations and Impact - The lawsuit claims that XPEL failed to disclose that its competitors were capturing a larger market share, leading to a reliance on existing customers for revenue growth [2]. - As a result of these undisclosed issues, XPEL's revenue growth for 2023 and 2024 was significantly diminished [2]. - Following the revelation of these facts, XPEL's stock price dropped by $20.93, nearly 39%, closing at $32.86 per share on May 2, 2024 [2]. Group 2: Legal Proceedings - Shareholders interested in participating as lead plaintiffs must submit their documentation by October 7, 2024 [3]. - A lead plaintiff represents the interests of other class members in the litigation process [3]. - Shareholders can choose to remain absent from the case while still being eligible for any recovery [3]. Group 3: About Robbins LLP - Robbins LLP is a law firm specializing in shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [4]. - The firm operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [4].