{"id":451528,"date":"2021-03-04T20:33:16","date_gmt":"2021-03-05T01:33:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451528"},"modified":"2021-03-04T20:33:16","modified_gmt":"2021-03-05T01:33:16","slug":"lost-money-in-xl-fleet-corp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-in-xl-fleet-corp\/","title":{"rendered":"Lost Money in XL Fleet Corp.?"},"content":{"rendered":"

<\/p>\n

Lost Money in XL Fleet Corp.? <\/b><\/p>\n

Gibbs Law Group Investigates Potential Securities Law Violations<\/b><\/p>\n

OAKLAND, Calif.–(BUSINESS WIRE<\/a>)–
\nXL Fleet Corp.shares dropped substantially after Muddy Waters Research<\/i> reported that XL Fleet has exaggerated its business prospects, inflates its sales pipeline, exaggerates its client base, and overstates its technological capabilities. Following the report, XL stock dropped more than 13% on March 3, 2021, and continued to plummet to close at $12 per share on March 4th, causing significant harm to investors. Gibbs Law Group is investigating a potential XL Securities Class Action Lawsuit<\/a> on behalf of investors who lost money in XL Fleet Corp. (NYSE: XL).\n<\/p>\n

To speak with an attorney regarding this class action lawsuit investigation, <\/b>click here<\/a>, or call (888) 410-2925.<\/b><\/p>\n

\nOn March 3, 2021, Muddy Waters Research<\/i> reported that XL Fleet Corp. has misled investors about its sales pipeline and customer base. Specifically, the report cited interviews with former employees who claim that \u201cat least 18 of 33 customers XL featured were inactive.\u201d According to the report, the former employees were pressured to exaggerate their sales pipelines. Additionally, Muddy Waters Research<\/i> claims that XL misleads customers about its performance, and that “customer reorder rates are in reality quite low.\u201d\n<\/p>\n

\nThe report also questioned XL\u2019s technological capacity, alleging that the company generally has \u201cweak technology\u201d and is likely unable to follow through on its \u201cannouncement of future class 7-8 upfits.\u201d\n<\/p>\n

\nFollowing this news, XL\u2019s stock dropped more than 13% at close of market on Wednesday, March 3, 2021, causing significant harm to investors.\n<\/p>\n

What Should XL Fleet Corp. Investors Do?<\/b><\/p>\n

\nIf you invested in XL Fleet Corp, visit our website<\/a> or contact our securities team directly at (888) 410-2925 <\/b>to discuss how you may be able to recover your losses. Our investigation concerns whether XL Fleet Corp. has violated federal securities laws and failed to disclose information pertinent to investors.\n<\/p>\n

About Gibbs Law Group<\/b><\/p>\n

\nGibbs Law Group represents individual and institutional investors throughout the country in securities litigation<\/a> to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world\u2019s largest corporations, and our attorneys have received numerous honors for their work, including \u201cBest Lawyers in America,\u201d \u201cTop Plaintiff Lawyers in California,\u201d \u201cCalifornia Lawyer Attorney of the Year,\u201d \u201cTop Class Action Attorneys Under 40,\u201d \u201cConsumer Protection MVP,\u201d and \u201cTop Cybersecurity\/ Privacy Attorneys Under 40.\u201d\n<\/p>\n

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. <\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210304006184\/en\/<\/a><\/span><\/p>\n

\nEILEEN EPSTEIN
\n
PHONE: 510.350.9728
\n
EMAIL: EJE@CLASSLAWGROUP.COM<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Lost Money in XL Fleet Corp.? Gibbs Law Group Investigates Potential Securities Law Violations OAKLAND, Calif.–(BUSINESS WIRE)– XL Fleet Corp.shares dropped substantially after Muddy Waters Research reported that XL Fleet has exaggerated its business prospects, inflates its sales pipeline, exaggerates its client base, and overstates its technological capabilities. Following the report, XL stock dropped more than 13% on March 3, 2021, and continued to plummet to close at $12 per share on March 4th, causing significant harm to investors. Gibbs Law Group is investigating a potential XL Securities Class Action Lawsuit on behalf of investors who lost money in XL Fleet Corp. (NYSE: XL). To speak with an attorney regarding this class action lawsuit investigation, click here, or call (888) … <\/p>\n

Continue reading “Lost Money in XL Fleet Corp.?”<\/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-451528","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLost Money in 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\/lost-money-in-xl-fleet-corp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lost Money in XL Fleet Corp.? - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lost Money in XL Fleet Corp.? Gibbs Law Group Investigates Potential Securities Law Violations OAKLAND, Calif.–(BUSINESS WIRE)– XL Fleet Corp.shares dropped substantially after Muddy Waters Research reported that XL Fleet has exaggerated its business prospects, inflates its sales pipeline, exaggerates its client base, and overstates its technological capabilities. Following the report, XL stock dropped more than 13% on March 3, 2021, and continued to plummet to close at $12 per share on March 4th, causing significant harm to investors. Gibbs Law Group is investigating a potential XL Securities Class Action Lawsuit on behalf of investors who lost money in XL Fleet Corp. (NYSE: XL). 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