LOS ANGELES, CA / ACCESSWIRE / November 21, 2023 / The Schall Law Firm, a 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 investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. XPEL is the subject of a report issued by Culper Research, which states that the Company has "grossly understated its reliance on Tesla," and that Tesla's decision to insource is a "death knell" for it. The report also claims that "the Company is concealing a massive undisclosed risk from its primary supplier which threatens to upend the Company's entire reason for being." Based on this news, shares of XPEL fell by more than 16% in intraday trading on October 19, 2023.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm