{"id":451089,"date":"2021-03-04T13:02:37","date_gmt":"2021-03-04T18:02:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451089"},"modified":"2021-03-04T13:02:37","modified_gmt":"2021-03-04T18:02:37","slug":"hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, March  04, 2021  (GLOBE NEWSWIRE) &#8212; Hagens Berman urges XL Fleet Corp. <strong>(NYSE: XL) <\/strong>investors with significant losses to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0TpYPkn2PQu4RhsHlS6b_fbzDyou9ULDWmGGXA_sQzcz--UsZELeKyDXK3u4hDVstBD-PKYRBy4n5Axaz5ywq4-wH8QACPZjuNhFKiReUPh48hG0Yb78bMpnPK0upH6a\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">submit your losses now<\/a>. The firm is investigating possible securities law violations and certain investors may have valuable claims.<\/p>\n<table style=\"border-collapse: collapse;border-collapse:collapse\">\n<tr>\n<td colspan=\"2\">\n            <strong>Visit:<\/strong><br \/>\n            <a href=\"http:\/\/www.hbsslaw.com\/investor-fraud\/XL\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.hbsslaw.com\/investor-fraud\/XL<\/a><br \/>\n            \n          <\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>Contact An Attorney Now:<\/strong>\u00a0<\/td>\n<td>\n            <a href=\"mailto:XL@hbsslaw.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">XL@hbsslaw.com<\/a>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\n            <strong>844-916-0895<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong>XL Fleet Corp. (NYSE: XL) Investigation:<\/strong><br \/>\n        \n      <\/p>\n<p>The investigation centers on XL Fleet\u2019s statements about certain financial metrics and business prospects.<\/p>\n<p>In past quarters, XL Fleet has touted its long-term growth potential in transforming gas-powered vehicles into hybrids, emphasizing its $220 million+ 12 month sales pipeline and growing customer base.<\/p>\n<p>But on Mar. 3, 2021, XL Fleet\u2019s growth story was called into question when analyst <em>Muddy Waters Research <\/em>published a scathing report calling the company \u201cMore SPAC Trash.\u201d<\/p>\n<p>Based on interviews with former employees, <em>Muddy Waters<\/em> claims that XL Fleet\u2019s management systemically inflates the company\u2019s backlog and grossly overstates the company\u2019s customer base, with at least 18 of 33 touted customers being inactive. Citing former sales personnel, <em>Muddy Waters<\/em> also alleges that XL misleads its customers about performance and savings and, due to these exaggerations, customer reorder rates are quite low. Finally, <em>Muddy Waters<\/em> charges the company with exaggerating sales projections and overstating its technological capabilities.<\/p>\n<p>In response, the price of XL shares fell sharply lower.<\/p>\n<p>\u201cWe\u2019re focused on investors\u2019 losses and whether XL misled investors by exaggerating its order backlog,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n<p>If you are an XL investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fYulYAzRHDKONeZM0PKp9YaApcYHQyJ6eDmUCNV4lMYYflsqgl07yt8sDFwKHMN-Sx6ilxKn7M74etoRO8zAZy-NkJPwmKZ8Jb_JUhO4MWBemLz-fxqFYEjYFpemCH9fXUXh_cz-tBef1fdozyFgzx8bz__wsYEB3BKqGO3bzEU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n<p>\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding XL Fleet should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at <strong>844-916-0895<\/strong> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=otncW_4mz8AMuN4aPyvbvf3jAmolPdeLCv298rUl_lYAqXjrProoVDbZTBU5HhBd3LHRkTGTJOiQ3mEo3HkjKg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">XL@hbsslaw.com<\/a>.<\/p>\n<p>\n        <u><br \/>\n          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=12WmgQy9rHnQMmNuNZzArMEma4LrnrxeNAemy5MUoa55zPtDKTTkX3abXlh7F4dIs088eePx48cFeXK-KA0-ft0pQtScTj9DU6s1pfQ70qA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">About Hagens Berman<br \/><\/a><br \/>\n        <\/u>Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=t38WS3pnr6kuki16Emyf9Cg3T7q5n2ZWt2HQfH2E6b_EG7R6ZpWBQum5bte_SY7Zc3xNoBA76E0cdXaAOOKVJQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">hbsslaw.com<\/a>. For the latest news visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1ppRkrH6apLg8ZW7vfScx_nazTR1_8CGw_aHvgzfJS-B6xkQp4tIidl6JoWPNPkKmDuEQJ9BPivp1BoOkKOtdlrZhZ99R3NuwHu6pK2PqaI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newsroom<\/u><\/a> or follow us on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zVcD_M2xUEvvgMrKOxoBF2nzpJRgcK3NssMhlYUGWyvwI4TEnf2QvK5cBosSovbtDNf7tNGloTjlEfhJ9JyD2KVDeSe70JjLTdwkfPShSaY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>@classactionlaw<\/u><\/a>.<\/p>\n<p>\n        <u>Contact:<\/u><br \/>\n        <br \/>Reed Kathrein, 844-916-0895<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDc0MiM0MDQ5Mjc3IzIwMTg1MzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/bb34abf5-0513-4fe7-a9ed-dda916f6706b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges XL Fleet Corp. (NYSE: XL) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/XL Contact An Attorney Now:\u00a0 XL@hbsslaw.com\u00a0 \u00a0 844-916-0895 XL Fleet Corp. (NYSE: XL) Investigation: The investigation centers on XL Fleet\u2019s statements about certain financial metrics and business prospects. In past quarters, XL Fleet has touted its long-term growth potential in transforming gas-powered vehicles into hybrids, emphasizing its $220 million+ 12 month sales pipeline and growing customer base. But on Mar. 3, 2021, XL Fleet\u2019s growth story was called into question when analyst Muddy Waters Research published a scathing report &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451089","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges XL Fleet Corp. (NYSE: XL) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/XL Contact An Attorney Now:\u00a0 XL@hbsslaw.com\u00a0 \u00a0 844-916-0895 XL Fleet Corp. (NYSE: XL) Investigation: The investigation centers on XL Fleet\u2019s statements about certain financial metrics and business prospects. In past quarters, XL Fleet has touted its long-term growth potential in transforming gas-powered vehicles into hybrids, emphasizing its $220 million+ 12 month sales pipeline and growing customer base. But on Mar. 3, 2021, XL Fleet\u2019s growth story was called into question when analyst Muddy Waters Research published a scathing report &hellip; Continue reading &quot;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T18:02:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDc0MiM0MDQ5Mjc3IzIwMTg1MzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base\",\"datePublished\":\"2021-03-04T18:02:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\\\/\"},\"wordCount\":425,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NDc0MiM0MDQ5Mjc3IzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base - 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(NYSE: XL) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/XL Contact An Attorney Now:\u00a0 XL@hbsslaw.com\u00a0 \u00a0 844-916-0895 XL Fleet Corp. (NYSE: XL) Investigation: The investigation centers on XL Fleet\u2019s statements about certain financial metrics and business prospects. In past quarters, XL Fleet has touted its long-term growth potential in transforming gas-powered vehicles into hybrids, emphasizing its $220 million+ 12 month sales pipeline and growing customer base. But on Mar. 3, 2021, XL Fleet\u2019s growth story was called into question when analyst Muddy Waters Research published a scathing report &hellip; Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-04T18:02:37+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDc0MiM0MDQ5Mjc3IzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base","datePublished":"2021-03-04T18:02:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/"},"wordCount":425,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDc0MiM0MDQ5Mjc3IzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-xl-fleet-xl-investors-with-losses-to-contact-its-attorneys-analyst-accuses-company-of-inflating-backlog-and-customer-base-2\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages XL Fleet (XL) Investors with Losses to Contact Its Attorneys, Analyst Accuses Company of Inflating Backlog and Customer Base - 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