NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against XPEL, Inc. (“XPEL” or the “Company”) (NASDAQ: XPEL) in the United States District Court for the Western District of Texas on behalf of all persons and entities who purchased or otherwise acquired XPEL securities between November 8, 2023 and May 2, 2024, both dates inclusive (the “Class Period”). Investors have until October 7, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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According to the Complaint, the Company made false and misleading statements to the market. XPEL touted its ability to increase its market share penetration by reaching customers outside of the enthusiast car market. The Company claimed this ability would substantially grow revenues in 2023 and 2024. The Company would eventually admit that it was losing customers in the aftermarket channel. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. The complaint alleges that when the market learned the truth about XPEL, investors suffered damages.
If you purchased or otherwise acquired XPEL shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
