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XPEL LAWSUIT ALERT: The Gross Law Firm Notifies XPEL, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
XPELXPEL(US:XPEL) GlobeNewswire News Roomยท2024-09-24 17:00

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 that affected the company's revenue growth [1][2]. Group 1: Allegations and Impact - The class period for the allegations is from November 8, 2023, to May 2, 2024 [2]. - Allegations include 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 factors, the company's revenue growth for 2023 and 2024 is reported to have dwindled, and positive statements made by the defendants regarding the company's business were misleading [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action lawsuit by the deadline of October 7, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. Group 3: Law Firm's Commitment - The Gross Law Firm is recognized for its commitment to protecting investors' rights and ensuring companies adhere to responsible business practices [4]. - The firm aims to recover losses for investors who were affected by false or misleading statements that led to inflated stock prices [4].