{"id":454783,"date":"2021-03-10T09:03:12","date_gmt":"2021-03-10T14:03:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454783"},"modified":"2021-03-10T09:03:12","modified_gmt":"2021-03-10T14:03:12","slug":"xl-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-xl-fleet-corp-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-xl-fleet-corp-investors-of-class-action-and-encourages-shareholders-to-contact-the-firm\/","title":{"rendered":"XL Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies XL Fleet Corp. Investors of Class Action and Encourages Shareholders to Contact the Firm"},"content":{"rendered":"
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NEW YORK, March 10, 2021 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed XL Fleet Corp. (“XL Fleet”\u00a0or “the Company”) (NASDAQ: XL) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired XL Fleet securities between October 2, 2020 and March 2, 2021,\u00a0inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm\u2019s site: www.bgandg.com\/xl<\/a>.<\/p>\n

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.<\/p>\n

The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, and failed to disclose that: (1) XL Fleet\u2019s salespeople were pressured to inflate their sales pipelines to boost the Company\u2019s reported sales and backlog; (2) at least 18 of the 33 customers that XL featured were inactive and had not placed an order since 2019; (3) XL\u2019s technology had been materially overstated and offered only 5% to 10% of fleet savings; (4) XL lacks the supply chain and engineers to roll out new products on the announced timelines; and (5) as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm\u2019s site: www.bgandg.com\/xl<\/a> or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in XL you have until May 7, 2021 to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.\u00a0 Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0 In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm\u2019s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0 \u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com<\/a><\/p>\n

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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 10, 2021 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed XL Fleet Corp. (“XL Fleet”\u00a0or “the Company”) (NASDAQ: XL) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired XL Fleet securities between October 2, 2020 and March 2, 2021,\u00a0inclusive (the “Class Period”).\u00a0Such investors are encouraged to join this case by visiting the firm\u2019s site: www.bgandg.com\/xl. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, and failed to disclose that: … <\/p>\n

Continue reading “XL Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies XL Fleet Corp. Investors of Class Action and Encourages Shareholders to Contact the Firm”<\/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-454783","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXL Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies XL Fleet Corp. 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