XPEL(XPEL) Prnewswire·2024-09-23 09:45Core 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: Allegations and Impact - The complaint alleges that XPEL's competitors were capturing a larger segment of the market, leading to a decline in the company's revenue growth [1]. - As a result of increased competition, XPEL's revenue growth became increasingly reliant on existing customers and partners [1]. - The company's revenue growth for 2023 and 2024 is reported to be dwindling due to these factors [1]. - Defendants' positive statements regarding XPEL's business and prospects were claimed to be materially misleading and lacked a reasonable basis [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 8, 2023, to May 2, 2024 [1]. - 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].