{"id":454374,"date":"2021-03-09T21:45:24","date_gmt":"2021-03-10T02:45:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454374"},"modified":"2021-03-09T21:45:24","modified_gmt":"2021-03-10T02:45:24","slug":"xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/","title":{"rendered":"XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">March 9, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of XL Fleet Corp. (&#8220;XL Fleet&#8221; or the &#8220;Company&#8221;) (NYSE: XL) resulting from allegations that XL Fleet might have issued misleading information to the investing public.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/616919\/Bernstein_Liebhard_LLP_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/616919\/Bernstein_Liebhard_LLP_Logo.jpg\" title=\"Bernstein Liebhard LLP.  (PRNewsFoto\/Bernstein Liebhard LLP) (PRNewsfoto\/Bernstein Liebhard LLP)\" alt=\"Bernstein Liebhard LLP.  (PRNewsFoto\/Bernstein Liebhard LLP) (PRNewsfoto\/Bernstein Liebhard LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>If you <b>purchased XL Fleet securities, and\/or would like to discuss your legal rights and options<\/b> please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091971-1&amp;h=61629943&amp;u=https%3A%2F%2Fwww.bernlieb.com%2Fcases%2Fxlfleetcorp-xl-shareholder-class-action-lawsuit-fraud-stock-377%2Fapply%2F&amp;a=XL+Fleet+Shareholder+Investigation\" rel=\"nofollow noopener noreferrer\">XL Fleet Shareholder Investigation<\/a> or contact <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Matthew E. Guarnero<\/span><\/a> toll free at <b>(877) 779-1414<\/b> or <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow noopener noreferrer\">MGuarnero@bernlieb.com<\/a><\/p>\n<p>On <span class=\"xn-chron\">March 3, 2021<\/span>, Muddy Waters Research (&#8220;Muddy Waters&#8221;) published a report entitled: &#8220;XL Fleet Corp. (NYSE: XL): More SPAC Trash,&#8221; alleging, among other things, that salespeople were &#8220;pressured to inflate their sales pipelines materially in order to mislead XL&#8217;s board and investors&#8221; and that &#8220;customer reorder rates are in reality quite low&#8221; due to &#8220;poor performance and regulatory issues.&#8221; Citing interviews with former employees, the report alleged that &#8220;at least 18 of 33 customers XL featured were inactive.&#8221; Muddy Waters also claimed that XL has &#8220;weak technology&#8221; and that &#8220;XL&#8217;s announcement of future class 7-8 upfits seems highly promotional&#8221; because the task is &#8220;too technologically complex for XL engineers to deliver on the promised timeline.&#8221;<\/p>\n<p>On this news, the Company&#8217;s share price fell <span class=\"xn-money\">$2.09<\/span>, or 13%, to close at <span class=\"xn-money\">$13.86<\/span> per share on <span class=\"xn-chron\">March 3, 2021<\/span>, on unusually heavy trading volume. The share price continued to decline by <span class=\"xn-money\">$2.69<\/span>, or 19.4%, over two consecutive trading sessions to close at <span class=\"xn-money\">$11.17<\/span> per share on <span class=\"xn-chron\">March 5, 2021<\/span>, on unusually heavy trading volume.<\/p>\n<p>If you <b>purchased XL Fleet securities, and\/or would like to discuss your legal rights and options<\/b> please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091971-1&amp;h=2280067706&amp;u=https%3A%2F%2Fwww.bernlieb.com%2Fcases%2Fxlfleetcorp-xl-shareholder-class-action-lawsuit-fraud-stock-377%2Fapply%2F&amp;a=https%3A%2F%2Fwww.bernlieb.com%2Fcases%2Fxlfleetcorp-xl-shareholder-class-action-lawsuit-fraud-stock-377%2Fapply%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.bernlieb.com\/cases\/xlfleetcorp-xl-shareholder-class-action-lawsuit-fraud-stock-377\/apply\/<\/a>\u00a0or contact <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Matthew E. Guarnero<\/span><\/a> toll free at <b>(877) 779-1414<\/b> or <a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow noopener noreferrer\">MGuarnero@bernlieb.com<\/a>. <\/p>\n<p>Since 1993, Bernstein Liebhard LLP has recovered over <span class=\"xn-money\">$3.5 billion<\/span> for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal&#8217;s &#8220;Plaintiffs&#8217; Hot List&#8221; thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n<p>ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, <span class=\"xn-location\">New York, New York<\/span> 10016, (212) 779-1414. The lawyer responsible for this advertisement in the <span class=\"xn-location\">State of Connecticut<\/span> is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n<p>Contact Information<\/p>\n<p>\n        <span class=\"xn-person\">Matthew E. Guarnero<\/span><br \/>\n        <br \/>Bernstein Liebhard LLP<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091971-1&amp;h=2002144437&amp;u=https%3A%2F%2Fwww.bernlieb.com%2F&amp;a=https%3A%2F%2Fwww.bernlieb.com\" rel=\"nofollow noopener noreferrer\">https:\/\/www.bernlieb.com<\/a><br \/>(877) 779-1414<br \/><a target=\"_blank\" href=\"mailto:MGuarnero@bernlieb.com\" rel=\"nofollow noopener noreferrer\">MGuarnero@bernlieb.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC04465&amp;sd=2021-03-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws-301244063.html\">http:\/\/www.prnewswire.com\/news-releases\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws-301244063.html<\/a><\/p>\n<p>SOURCE  Bernstein Liebhard LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC04465&amp;Transmission_Id=202103092142PR_NEWS_USPR_____DC04465&amp;DateId=20210309\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, March 9, 2021 \/PRNewswire\/ &#8212;\u00a0Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of XL Fleet Corp. (&#8220;XL Fleet&#8221; or the &#8220;Company&#8221;) (NYSE: XL) resulting from allegations that XL Fleet might have issued misleading information to the investing public. If you purchased XL Fleet securities, and\/or would like to discuss your legal rights and options please visit XL Fleet Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com On March 3, 2021, Muddy Waters Research (&#8220;Muddy Waters&#8221;) published a report entitled: &#8220;XL Fleet Corp. (NYSE: XL): More SPAC Trash,&#8221; alleging, among other things, that salespeople were &#8220;pressured to inflate their sales &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws&#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-454374","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws - 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-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, March 9, 2021 \/PRNewswire\/ &#8212;\u00a0Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of XL Fleet Corp. (&#8220;XL Fleet&#8221; or the &#8220;Company&#8221;) (NYSE: XL) resulting from allegations that XL Fleet might have issued misleading information to the investing public. If you purchased XL Fleet securities, and\/or would like to discuss your legal rights and options please visit XL Fleet Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com On March 3, 2021, Muddy Waters Research (&#8220;Muddy Waters&#8221;) published a report entitled: &#8220;XL Fleet Corp. (NYSE: XL): More SPAC Trash,&#8221; alleging, among other things, that salespeople were &#8220;pressured to inflate their sales &hellip; Continue reading &quot;XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-10T02:45:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/616919\/Bernstein_Liebhard_LLP_Logo.jpg\" \/>\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-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws\",\"datePublished\":\"2021-03-10T02:45:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\\\/\"},\"wordCount\":472,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/616919\\\/Bernstein_Liebhard_LLP_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\\\/\",\"name\":\"XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws - 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(&#8220;XL Fleet&#8221; or the &#8220;Company&#8221;) (NYSE: XL) resulting from allegations that XL Fleet might have issued misleading information to the investing public. If you purchased XL Fleet securities, and\/or would like to discuss your legal rights and options please visit XL Fleet Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com On March 3, 2021, Muddy Waters Research (&#8220;Muddy Waters&#8221;) published a report entitled: &#8220;XL Fleet Corp. (NYSE: XL): More SPAC Trash,&#8221; alleging, among other things, that salespeople were &#8220;pressured to inflate their sales &hellip; Continue reading \"XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-10T02:45:24+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/616919\/Bernstein_Liebhard_LLP_Logo.jpg","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\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws","datePublished":"2021-03-10T02:45:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/"},"wordCount":472,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/616919\/Bernstein_Liebhard_LLP_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-losses-alert-bernstein-liebhard-llp-is-investigating-xl-fleet-corp-for-violations-of-the-securities-laws\/","name":"XL LOSSES ALERT: Bernstein Liebhard LLP is Investigating XL Fleet Corp. for Violations of the Securities Laws - 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