Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating XPEL, Inc. for potential violations of federal securities laws
NEW YORK, May 10, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of XPEL, Inc. ("XPEL" or "the Company") (NASDAQ:XPEL) for violations of the securities laws.
The focus of the investigation is to whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors.
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XPEL released its financial results for the first quarter of fiscal year 2024 on May 2, 2024. The Company missed analyst targets on revenue and reported net income significantly below the estimated range. Based on this news, shares of XPEL fell by more than 35% in intraday trading on the same day.
Wolf Haldenstein has experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas, and offices in New York, Chicago, Nashville, and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly lauded by the courts, which have appointed it to major positions in complex securities, multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at classmember@whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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