Important Update for XPEL, Inc. Shareholders on Legal Action

Author: Owen Jenkins Updated: 09-12-2024 05:57 AM

Understanding the XPEL, Inc. Class Action Lawsuit

Recently, a significant class action lawsuit has come to light involving XPEL, Inc. (NASDAQ: XPEL), capturing the attention of its shareholders. This notice is crucial for those who purchased shares during a specific class period, urging them to consider engagement in this legal action.

What Shareholders Should Know

Shareholders who invested in XPEL during the class period that started on November 8, 2023, and ended on May 2, 2024, have important rights. The Gross Law Firm has issued a notice to encourage these shareholders to reach out regarding their potential appointment as lead plaintiffs.

Why It's Important to Register

While registering as a lead plaintiff is not mandatory for recovery, participating in the class action can ensure that investors are informed about the case's progress. If you're among those affected, it is essential to act quickly and secure your standing in this matter.

Allegations Against XPEL

The allegations in the lawsuit suggest that during the class period, XPEL's management made several statements that may have misled investors. It claims that the company has been losing market share to competitors while relying heavily on existing customers, which could lead to disappointing revenue growth for the years 2023 and 2024.

Managing Your Investment After These Claims

As a shareholder, it is crucial to stay proactive. The lawsuit points to a need for transparency and accountability from XPEL's leadership, highlighting the potential risks investors face with their current holdings. By registering, shareholders will receive portfolio monitoring updates throughout the legal process.

Key Dates to Remember

Time is of the essence, with the critical deadline for potential lead plaintiffs set for October 7, 2024. Investors should not delay in registering their information to participate in this class action and secure their rights.

The Role of The Gross Law Firm

The Gross Law Firm is recognized nationally for its dedication to representing investors who have faced losses due to misleading statements by companies. Their mission emphasizes protecting the rights of investors and ensuring accountability. They provide free consultations for those impacted by the recent developments regarding XPEL.

Contact Information for The Gross Law Firm

The Gross Law Firm is based at 15 West 38th Street, 12th floor, in New York. Investors can reach out via phone at (646) 453-8903 for any inquiries or need for assistance related to the XPEL case. It is essential to have professional guidance during these proceedings.

Frequently Asked Questions

What is the subject of the XPEL, Inc. class action lawsuit?

The lawsuit concerns allegations that XPEL's management made misleading statements regarding the company's market performance and revenue forecasts.

Who can participate in the class action?

Shareholders who purchased XPEL shares between November 8, 2023, and May 2, 2024, can participate in the class action litigation.

What is the deadline to register as a lead plaintiff?

The deadline to seek appointment as a lead plaintiff is October 7, 2024.

How does registering impact shareholders?

Registering allows shareholders to receive updates and engage in the legal process, potentially recovering losses due to misleading corporate statements.

What should investors do next?

Investors should act promptly, registering their information with the firm to protect their rights and stay informed on the case's progress.

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