NEW YORK, NY / ACCESSWIRE / November 20, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of XPEL, Inc. ("XPEL" or "the Company") (NASDAQ:XPEL). Investors who purchased XPEL securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/xpel.
The investigation concerns whether XPEL has violated federal securities laws.
Investigation Details:
On October 19, 2023, Culper Research released a report on XPEL. In this report, Culper stated that it was shorting XPEL stock because it believed "the Company has grossly understated its reliance on Tesla", and because it believed "the Company is concealing a massive undisclosed risk from its primary supplier which threatens to upend the Company's entire reason for being."
On this news, XPEL stock declined by $10.57 per share, or 17.2% on October 19, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchased XPEL securities, you can assist this investigation by visiting the firm's site: bgandg.com/xpel. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC