Los Angeles, CA - 
(NewMediaWire) - April 6, 2021 - The Schall Law Firm, a
national shareholder rights litigation firm, reminds investors of a class
action lawsuit against XL Fleet Corp. (“XL Fleet” or “the Company”) (NYSE: XL)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and
Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange
Commission.
Investors who purchased the
Company's securities between October 2, 2020 and March 2, 2021, inclusive (the
''Class Period''), are encouraged to contact the firm before May 7,
2021.
If you are a shareholder who
suffered a loss, click here to participate.
We also encourage you to contact
Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los
Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You
can also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class, in this case, has not
yet been certified, and until certification occurs, you are not represented by
an attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the
Company made false and misleading statements to the market. XL Fleet pressured
its salespeople to inflate their pipeline of potential sales to artificially
boost the Company’s backlog of orders. Out of the Company’s 33 customers, at
least 18 were inactive and hadn’t placed orders since 2019. The Company’s
technology benefits were overstated, offering fleet savings of only 5% to 10%.
Based on these facts, the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the truth about
XL Fleet, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may be
considered Attorney Advertising in some jurisdictions under the applicable law
and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
