DEADLINE: Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against XL Fleet Corp. – XL

/ A News / – NEW YORK, March 31, 2021 (GLOBE NEWSWIRE) – Zhang Investor Law announces class action lawsuit on behalf of shareholders to remove shares in XL Fleet Corp. between October 2, 2020 and October 2, 2020 (NYSE: XL) purchased March 2, 2021 inclusive (the “Class Period”).

To participate in the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=xl-fleet-corp&id=2656 or call Sophie Zhang, Esq. toll free at 800-991-3756 or email [email protected] for information about the class action.

If you would like to participate in this class action, please enter your details here. http://zhanginvestorlaw.com/join-action-form/?slug=xl-fleet-corp&id=2656

If you want to appear as the lead plaintiff, you must go to court May 7, 2021 DEADLINE. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute.

According to the lawsuit, throughout the class period, the defendants made false and / or misleading statements and / or failed to disclose that XL Fleet salespeople were pressured to inflate their sales pipelines to increase the company’s reported sales and backlog. At least 18 of XL Fleet’s 33 customers were inactive and had not placed an order since 2019. XL Fleet’s technology was vastly overrated, offering only 5% to 10% of the fleet savings. XL Fleet lacks the supply chain and engineers to introduce new products on the announced schedule. As a result, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and / or lacking a reasonable basis. According to the lawsuit, these true details were disclosed by a research company.

Lead plaintiff status is not required to apply for compensation. You can keep an attorney of your choice. You can remain an absent class member and take no action at this point.

Zhang Investor Law represents investors worldwide. Lawyer advertising. Previous results do not guarantee similar results.

Zhang Investor Law PC
99 Wall Street, Suite 232
New York, New York 10005
[email protected]
Tel .: (800) 991-3756


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March 31, 2021, 4:09 PM GMT

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