XPEL Technologies Corp.
Case Overview
59 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 10/11/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: XPEL Technologies Corp. |
Court: | Court: Western District of Texas |
Case Number: | Case Number: 5:24cv00873 |
Class Period: | Class Period: 11/08/2023 - 05/02/2024 |
Ticker: | Ticker: XPEL |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Western District of Texas on behalf of those who acquired XPEL Technologies Corp. (“XPEL” or the “Company”) (NASDAQ: XPEL) securities during the period of November 8, 2023 through May 2, 2024, inclusive (“the Class Period”). Investors have until October 7, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that XPEL made misleading statements and omissions regarding the Company's business, financial condition, and prospects. Specifically, the Company misled the market to believe that it would increase its market share penetration by reaching an increasingly large segment of non-enthusiast car customers, which would in turn grow its revenue by a substantial percentage in 2023 and 2024.
The lawsuit alleges that XPEL made misleading statements and omissions regarding the Company's business, financial condition, and prospects. Specifically, the Company misled the market to believe that it would increase its market share penetration by reaching an increasingly large segment of non-enthusiast car customers, which would in turn grow its revenue by a substantial percentage in 2023 and 2024.