NEW YORK, NY / ACCESSWIRE / January 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of XPEL, Inc. ("XPEL") (NASDAQ:XPEL) concerning possible violations of federal securities laws.
On October 19, 2023, Culper Research issued a report on XPEL alleging that the Company had "grossly understated its reliance on Tesla," and that Tesla's decision to insource is a "death knell" for XPEL. The report also claimed 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 value on October 19, 2023. To obtain additional information, go to:
https://zlk.com/pslra-1/xpel-lawsuit-submission-form?prid=62998&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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