NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- A class action securities lawsuit has been filed against XPEL, Inc., sending shockwaves through the investment community. The lawsuit, announced by Levi & Korsinsky, LLP, notifies investors of the potential damage inflicted by the Company's actions. The suit claims that XPEL, Inc. (NASDAQ: XPEL) violated federal securities laws, causing significant financial losses for its investors.
According to the lawsuit, XPEL, Inc. made false or misleading statements regarding its business, operational, and compliance policies. The Company allegedly failed to disclose material information to its investors, leading them to make uninformed decisions. As a result, investors suffered substantial losses, sparking the class action lawsuit.
Levi & Korsinsky, LLP, a renowned law firm, has taken the lead in representing the affected investors. The firm has extensive experience in handling complex securities cases and has a proven track record of securing significant settlements for its clients. Investors who purchased XPEL, Inc. securities between the specified period may be eligible to join the lawsuit.
The class action lawsuit is a significant development for XPEL, Inc. and its investors. The Company's stock price may be negatively impacted by the lawsuit, leading to increased volatility. Investors are advised to exercise caution and carefully evaluate their investment decisions. The lawsuit serves as a stark reminder of the importance of transparency and accountability in the corporate world.
XPEL, Inc. investors who wish to join the class action lawsuit must act quickly. The deadline to join the lawsuit is October 7, 2024. Interested investors can contact Levi & Korsinsky, LLP for more information and guidance on the process. With the lawsuit moving forward, investors will be closely watching the developments and awaiting the outcome.