{"id":471123,"date":"2021-04-05T16:18:37","date_gmt":"2021-04-05T20:18:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471123"},"modified":"2021-04-05T16:18:37","modified_gmt":"2021-04-05T20:18:37","slug":"xl-fleet-corp-class-action-reminder-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-corp-class-action-reminder-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the\/","title":{"rendered":"XL FLEET CORP. CLASS ACTION REMINDER: Wolf Haldenstein Adler Freeman & Herz LLP reminds 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":"

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

NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP<\/a> announces 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. (\u201cXL Fleet\u201d or the \u201cCompany\u201d) (NYSE: XL) securities between October 2, 2020 and March 2, 2021, inclusive (the \u201cClass Period\u201d).<\/p>\n

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

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

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

On March 3, 2021, Muddy Waters Research published a report entitled \u201cXL Fleet Corp. (NYSE: XL): More SPAC Trash,\u201d<\/em> alleging, among other things, that salespeople \u201cwere pressured to inflate their sales pipelines materially in order to mislead XL\u2019s board and investors\u201d<\/em> and that \u201ccustomer reorder rates\u00a0<\/em>are in reality quite low\u201d<\/em> due to \u201cpoor performance and regulatory issues.\u201d<\/em> Citing interviews with former employees, the report alleged that \u201cat least 18 of 33 customers XL featured were inactive.\u201d<\/em> Muddy Waters also claimed that XL has \u201cweak technology\u201d<\/em> and that \u201cXL\u2019s announcement of future class 7-8 upfits\u00a0<\/em>seems highly promotional\u201d<\/em> because the task is \u201ctoo technologically complex for XL engineers to deliver on the promised timeline.\u201d<\/em><\/p>\n

On this news, the Company\u2019s stock price fell $2.09, or 13%, to close at $13.86 per share on March 3, 2021, on unusually heavy trading volume. The share price continued to decline by $2.69, or 19.4%, over two consecutive trading sessions to close at $11.17 per share on March 5, 2021, on unusually heavy trading volume.<\/p>\n

Wolf Haldenstein<\/a>\u00a0has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. 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<\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at www.whafh.com.<\/a><\/p>\n

Contact:<\/p>\n

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>,\u00a0kcooper@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.<\/p>\n


\n
\n \n <\/div>\n

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

LEAD PLAINTIFF DEADLINE IS MAY 7, 2021 NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces 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. (\u201cXL Fleet\u201d or the \u201cCompany\u201d) (NYSE: XL) securities between October 2, 2020 and March 2, 2021, inclusive (the \u201cClass Period\u201d). All investors who purchased shares of XL Fleet Corp. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in the shares of … <\/p>\n

Continue reading “XL FLEET CORP. CLASS ACTION REMINDER: Wolf Haldenstein Adler Freeman & Herz LLP reminds 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-471123","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXL FLEET CORP. 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You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in the shares of … Continue reading "XL FLEET CORP. 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