Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York
NEW YORK, April 5, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that on behalf of individuals and organizations that make up XL Fleet Corp. (“XL Fleet” or the “Company”) (NYSE: XL) securities between October 2, 2020 and March 2, 2021 inclusive (the “Class Period”).
All investors who purchase XL Fleet Corp. bought. and any losses incurred are requested to contact the company immediately firstname.lastname@example.org or (800) 575-0735 or (212) 545-4774. You can get additional information about the promotion or Join the case on our website, www.whafh.com.
If you lose in the shares of XL Fleet Corp. have suffered You may, no later than May 7, 2021, Ask the court to appoint you as the lead plaintiff in the proposed class. Please contact Wolf Haldenstein to find out more about your rights as an investor in XL Fleet Corp. to experience.
CLICK HERE TO JOIN CASE
On March 3, 2021, Muddy Waters Research published a report entitled “XL Fleet Corp. (NYSE: XL): More SPAC junk, “which alleged, among other things, that sellers” have been pressured to significantly inflate their sales pipelines in order to mislead XL board members and investors “and that” customer reorder rates are due to “worse Performance and regulatory issues “are actually quite low”. The report alleged, citing interviews with former employees, that “at least 18 out of 33 XL customers presented were inactive”. Muddy Waters also claimed that XL has “weak technology” and that “the announcement of future Class 7-8 upfits by XL looks very promotional” because the task “is too technologically complex for XL engineers to be as promised Adhere to the schedule ”.
In that news, the company’s share price fell $ 2.09, or 13%, to close at $ 13.86 per share on March 3, 2021 amid unusually high trading volume. The stock price fell further $ 2.69, or 19.4%, in two consecutive trading sessions, closing at $ 11.17 per share on March 5, 2021 with an unusually high trading volume.
Wolf Haldenstein has extensive experience prosecuting class and derivative disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in New York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class disputes has been recognized repeatedly by the courts who have appointed them to key positions in complex securities multiple district and consolidated litigation.
If you would like to discuss this promotion or if you have any questions about your rights and interests in this case, please contact Wolf Haldenstein immediately at (800) 575-0735, by email at email@example.com or visit our website on www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, director of case and financial analysis
Email: firstname.lastname@example.org, email@example.com or firstname.lastname@example.org
Tel .: (800) 575-0735 or (212) 545-4774
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.