{"id":459253,"date":"2021-03-16T18:47:44","date_gmt":"2021-03-16T22:47:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459253"},"modified":"2021-03-16T18:47:44","modified_gmt":"2021-03-16T22:47:44","slug":"xl-fleet-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-so-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-corp-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-so-2\/","title":{"rendered":"XL FLEET CORP. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman & Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York"},"content":{"rendered":"
\n

LEAD PLAINTIFF DEADLINE IS MAY 7, 2021<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, March 16, 2021<\/span> \/PRNewswire\/ — Wolf Haldenstein Adler Freeman<\/span> & Herz LLP <\/a>\u00a0announces announces that a federal securities class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired XL Fleet Corp. (“XL Fleet” or the “Company”) (NYSE: XL) securities between October 2, 2020<\/span> and March 2, 2021<\/span>, inclusive (the “Class Period”).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Wolf
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n All <\/b>
\n investors\u00a0who purchased shares of <\/b>
\n XL Fleet Corp.<\/b>\u00a0and incurred losses are urged to contact the firm immediately at <\/b>classmember@whafh.com<\/a>\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/b>join the case<\/a>\u00a0on our website, <\/b>www.whafh.com.<\/b><\/a><\/p>\n

If\u00a0 you have incurred losses in the shares of XL Fleet Corp., you<\/b>\u00a0<\/b>may,<\/b>no later than May 7, 2021<\/span><\/b>, <\/b>request that the Court appoint you lead plaintiff of the proposed class.\u00a0 Please contact Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of \u00a0XL Fleet Corp.<\/p>\n

\n CLICK HERE TO JOIN CASE<\/a>\n <\/p>\n

On March 3, 2021<\/span>, Muddy Waters Research published a report entitled “XL Fleet Corp. (NYSE: XL): More SPAC Trash,”<\/i> alleging, among other things, that salespeople “were pressured to inflate their sales pipelines materially in order to mislead XL’s board and investors”<\/i> and that “customer reorder rates are in reality quite low”<\/i> due to “poor performance and regulatory issues.”<\/i> Citing interviews with former employees, the report alleged that “at least 18 of 33 customers XL featured were inactive.”<\/i> Muddy Waters also claimed that XL has “weak technology”<\/i> and that “XL’s announcement of future class 7-8 upfits seems highly promotional”<\/i> because the task is “too technologically complex for XL engineers to deliver on the promised timeline.”<\/i><\/p>\n

On this news, the Company’s stock price fell $2.09<\/span>, or 13%, to close at $13.86<\/span> per share on March 3, 2021<\/span>, on unusually heavy trading volume. The share price continued to decline by $2.69<\/span>, or 19.4%, over two consecutive trading sessions to close at $11.17<\/span> per share on March 5, 2021<\/span>, on unusually heavy trading volume.<\/p>\n

\n
\n Wolf Haldenstein<\/span>
\n <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0 The firm has attorneys in various practice areas; and offices in New York<\/span>, Chicago<\/span> and San Diego.\u00a0 The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at \u00a0www.whafh.com.<\/a><\/p>\n

Contact:<\/p>\n

\n Wolf Haldenstein Adler Freeman<\/span> & Herz LLP
Kevin Cooper, Esq.<\/span>
Gregory Stone<\/span>, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>, kcooper@whafh.com<\/a> or classmember@whafh.com<\/a>
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/xl-fleet-corp-class-action-alert-wolf-haldenstein-adler-freeman–herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-district-of-new-york-301248875.html<\/a><\/p>\n

SOURCE Wolf Haldenstein Adler Freeman<\/span> & Herz LLP<\/p>\n<\/p><\/div>\n

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

LEAD PLAINTIFF DEADLINE IS MAY 7, 2021 PR Newswire NEW YORK, March 16, 2021 \/PRNewswire\/ — Wolf Haldenstein Adler Freeman & Herz LLP \u00a0announces announces that a federal securities class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired XL Fleet Corp. (“XL Fleet” or the “Company”) (NYSE: XL) securities between October 2, 2020 and March 2, 2021, inclusive (the “Class Period”). All investors\u00a0who purchased shares of XL Fleet Corp.\u00a0and incurred losses are urged to contact the firm immediately at classmember@whafh.com\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case\u00a0on our website, www.whafh.com. If\u00a0 you have incurred losses in the shares of XL Fleet Corp., … <\/p>\n

Continue reading “XL FLEET CORP. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman & Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York”<\/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-459253","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXL FLEET CORP. 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