CLASS ACTION UPDATE for XL, VRM and GOEV: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, NY / ACCESSWIRE / April 8, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
XL Shareholders Click Here: https://www.zlk.com/pslra-1/xl-fleet-corp-loss-submission-form?prid=14488&wire=1
VRM Shareholders Click Here: https://www.zlk.com/pslra-1/vroom-inc-loss-submission-form?prid=14488&wire=1
GOEV Shareholders Click Here: https://www.zlk.com/pslra-1/canoo-inc-loss-submission-form?prid=14488&wire=1
* ADDITIONAL INFORMATION BELOW *
XL Fleet Corp. (NYSE:XL)
XL Lawsuit on behalf of: investors who purchased October 2, 2020 - March 2, 2021
Lead Plaintiff Deadline : May 7, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/xl-fleet-corp-loss-submission-form?prid=14488&wire=1
According to the filed complaint, during the class period, XL Fleet Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) XL Fleet's salespeople were pressured to inflate their sales pipelines to boost the Company's 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's 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' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Vroom, Inc. (NASDAQ:VRM)
VRM Lawsuit on behalf of: investors who purchased June 9, 2020 - March 3, 2021
Lead Plaintiff Deadline : May 21, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/vroom-inc-loss-submission-form?prid=14488&wire=1
According to the filed complaint, during the class period, Vroom, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Vroom had not demonstrated that it was able to control and scale growth in respect to its salesforce to meet the demand for its products; (2) as a result, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; (3) as a result, the ecommerce gross profit per unit was reasonably likely to decline; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Canoo Inc. (NASDAQ:GOEV)
GOEV Lawsuit on behalf of: investors who purchased August 18, 2020 - March 29, 2021
Lead Plaintiff Deadline : June 1, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/canoo-inc-loss-submission-form?prid=14488&wire=1
According to the filed complaint, during the class period, Canoo Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's engineering services was not a viable business, would not provide meaningful revenue in 2021, and would not reduce operational risk; (ii) the Company would no longer be focused on its subscription-based business model; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP
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https://www.accesswire.com/639488/CLASS-ACTION-UPDATE-for-XL-VRM-and-GOEV-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders
