XPEL, Inc. Class Action Lawsuit - XPEL
Case Summary
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The XPEL class action lawsuit seeks to represent purchasers or acquirers of XPEL, Inc. (NASDAQ: XPEL) securities between November 8, 2023 and May 2, 2024, inclusive (the “Class Period”). Captioned Adishian v. XPEL, Inc., No. 24-cv-00873 (W.D. Tex.), the XPEL class action lawsuit charges XPEL and certain of XPEL’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the XPEL class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the XPEL class action lawsuit must be filed with the court no later than October 7, 2024.
CASE ALLEGATIONS: XPEL supplies automotive paint protection film, automotive window film, ceramic coatings, architectural window film products, and related tools and equipment.
The XPEL class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) XPEL’s competitors were siphoning an increasingly large segment of the market; (ii) as a result, XPEL’s revenue growth became increasingly dependent upon existing customers and partners; and (iii) consequently, XPEL’s revenue growth for 2023 and 2024 dwindled.
The XPEL class action lawsuit further alleges that on May 2, 2024, XPEL announced its first quarter 2024 financial results, reporting only 5% revenue growth year-over-year – well below analyst expectations. The complaint further alleges that XPEL’s CEO, defendant Ryan L. Pape, admitted that XPEL had been losing customers in the aftermarket channel. On this news, the price of XPEL stock fell nearly 39%, according to the XPEL class action lawsuit.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired XPEL securities during the Class Period to seek appointment as lead plaintiff in the XPEL class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the XPEL class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the XPEL class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the XPEL class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.