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SHAREHOLDER ALERT: XL GOEV EBON: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

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·3 min read
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  • EBON
  • GOEV
  • XL

NEW YORK, NY / ACCESSWIRE / April 28, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

XL Fleet Corp. (NYSE:XL)

If you suffered a loss, contact us at:http://www.wongesq.com/pslra-1/xl-fleet-corp-loss-submission-form?prid=15268&wire=1
Lead Plaintiff Deadline: May 7, 2021
Class Period: October 2, 2020 - March 2, 2021

Allegations against XL include 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.

Canoo Inc. (NASDAQ:GOEV)

If you suffered a loss, contact us at:http://www.wongesq.com/pslra-1/canoo-inc-loss-submission-form?prid=15268&wire=1
Lead Plaintiff Deadline: June 1, 2021
Class Period: August 18, 2020 - March 29, 2021

Allegations against GOEV include 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.

Ebang International Holdings Inc. (NASDAQ:EBON)

If you suffered a loss, contact us at:http://www.wongesq.com/pslra-1/ebang-international-holdings-inc-loss-submission-form?prid=15268&wire=1
Lead Plaintiff Deadline: June 7, 2021
Class Period: June 26, 2020 - April 5, 2021

Allegations against EBON include that: (1) the proceeds from Ebang's public offerings had been directed to an low yield, long term bonds to an underwriter and to related parties rather than used to develop the Company's operations; (2) Ebang's sales were declining and the Company had inflated reported sales, including through the sale of defective units; (3) Ebang's attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures; (4) Ebang's purported crytocurrency exchange was merely the purchase of an out-of-the-box crypto exchange; 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.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong



View source version on accesswire.com:
https://www.accesswire.com/643106/SHAREHOLDER-ALERT-XL-GOEV-EBON-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines

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