{"id":451404,"date":"2021-03-04T16:46:42","date_gmt":"2021-03-04T21:46:42","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451404"},"modified":"2021-03-04T16:46:42","modified_gmt":"2021-03-04T21:46:42","slug":"xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\/","title":{"rendered":"XL Fleet Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at XL Fleet Corp."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, March  04, 2021  (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vK1ryh2D7fjOjRZb9g5wlDQS6JjrroznU99Ui23DNKb1ML2AfIWht0r0PCkGlzQhPEN0Zx9ZKZ32gToU3Aoq7w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>) is investigating claims on behalf of investors of XL Fleet Corp. (\u201cXL\u201d or the \u201cCompany\u201d) (NYSE: XL).<\/p>\n<p align=\"justify\">On March 3, 2021, <em>Muddy Waters Research<\/em> published a report entitled \u201cXL Fleet\u00a0Corp. (NYSE: XL): More SPAC Trash,\u201d alleging that salespeople \u201cwere pressured to inflate their sales pipelines materially in order to mislead XL\u2019s board and investors\u201d and that former salespeople and other employees also told <em>Muddy Waters<\/em> that \u201cXL misleads its customers about performance and savings; and, that due to these exaggerations, customer reorder rates are in reality quite low.\u201d Further, <em>Muddy Waters<\/em> alleges that according to former employees \u201cat least 18 of 33 customers XL featured were inactive.\u201d <em>Muddy Waters<\/em> also alleges that XL has \u201cweak technology\u201d and that \u201cXL\u2019s announcement of future class 7-8 upfits seems highly promotional\u201d because the task is \u201ctoo technologically complex for XL engineers to deliver on the promised timeline.\u201d<\/p>\n<p align=\"justify\">Following this news, XL\u2019s stock price fell $2.09 per share, more than 13%, to close at $13.86 per share on March 3, 2021 on heavy trading volume.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired XL securities and would like to discuss our investigation, please contact us by emailing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tNq2feI5WkDmbW83Ll9ZarZw7wKW4bR55hgz-zfhU2wqucsGsMSvFgVWZrNipWOLvZpMCz3s1GEQieE_PQqsT-lpBXs5_xxmSlTZpwr0tn0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>pmayer@kaplanfox.com<\/u><\/a> or by calling (646) 315-9003.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Kaplan Fox &amp; Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vK1ryh2D7fjOjRZb9g5wlDkWDqkrdcqLBmiVsMBhKZtPoQ6srV4SNkwaveQKg1l28bHzYt2-BHvTV6mcrtyljQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>. If you have any questions about this investigation, your rights, or your interests, please contact:<\/p>\n<p align=\"justify\">Frederic S. Fox <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 850 Third Avenue, 14th Floor <br \/> New York, New York\u00a010022 <br \/> (646) 315-9003 <br \/> E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qF0oTTiO119d56dztnwL8ncnOmeLmXqcypYPgWD0PeD3SEL0LXdRYuAT_kpSzYZdOg28k2aRaGlCtpy5LN_2r_1lS06_ksRbZ5C6PDW5ZwE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>ffox@kaplanfox.com<\/u><\/a><\/p>\n<p align=\"start\">Laurence D. King <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 1999 Harrison Street, Suite 1560 <br \/> Oakland, California 94612 <br \/> (415) 772-4704 <br \/> Fax: (415) 772-4707 <br \/> E-mail: <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Vv3P-qDCLnoUxQgFSy-BnDLxYe9qPcAR9vluWtNcgjclNR9JCAyPWbk7sKb0QL0hAlLSmWTrFt0iYOMjgs9hYkrVPwjfNFZYYAu0Ja_PXHA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lking@kaplanfox.com<\/a><\/u><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDkxMyM0MDQ5NjQzIzIwMjA4OTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/55317994-0ad8-48ff-b94e-d04985661b05\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of XL Fleet Corp. (\u201cXL\u201d or the \u201cCompany\u201d) (NYSE: XL). On March 3, 2021, Muddy Waters Research published a report entitled \u201cXL Fleet\u00a0Corp. (NYSE: XL): More SPAC Trash,\u201d alleging that salespeople \u201cwere pressured to inflate their sales pipelines materially in order to mislead XL\u2019s board and investors\u201d and that former salespeople and other employees also told Muddy Waters that \u201cXL misleads its customers about performance and savings; and, that due to these exaggerations, customer reorder rates are in reality quite low.\u201d Further, Muddy Waters alleges that according to former employees \u201cat least 18 of 33 customers XL featured were &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XL Fleet Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at XL Fleet Corp.&#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-451404","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>XL Fleet Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at XL Fleet Corp. - 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\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XL Fleet Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at XL Fleet Corp. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of XL Fleet Corp. (\u201cXL\u201d or the \u201cCompany\u201d) (NYSE: XL). On March 3, 2021, Muddy Waters Research published a report entitled \u201cXL Fleet\u00a0Corp. (NYSE: XL): More SPAC Trash,\u201d alleging that salespeople \u201cwere pressured to inflate their sales pipelines materially in order to mislead XL\u2019s board and investors\u201d and that former salespeople and other employees also told Muddy Waters that \u201cXL misleads its customers about performance and savings; and, that due to these exaggerations, customer reorder rates are in reality quite low.\u201d Further, Muddy Waters alleges that according to former employees \u201cat least 18 of 33 customers XL featured were &hellip; Continue reading &quot;XL Fleet Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at XL Fleet Corp.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T21:46:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDkxMyM0MDQ5NjQzIzIwMjA4OTE=\" \/>\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\\\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"XL Fleet Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at XL Fleet Corp.\",\"datePublished\":\"2021-03-04T21:46:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\\\/\"},\"wordCount\":341,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NDkxMyM0MDQ5NjQzIzIwMjA4OTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-xl-fleet-corp\\\/\",\"name\":\"XL Fleet Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at XL Fleet Corp. - 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