Mastercard Inc
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Information Technology : IT Services | Large Cap Growth
Company profile

Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its core network among account holders, merchants, financial institutions, businesses, governments and other organizations in markets globally. The Company's products include consumer credit, consumer debit, prepaid and commercial. It also provides integrated offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing solutions.

Closing Price
$386.17
Day's Change
-0.32 (-0.08%)
Bid
--
Ask
--
B/A Size
--
Day's High
389.10
Day's Low
383.67
Volume
(Average)
Volume:
2,725,766

10-day average volume:
2,817,748
2,725,766

INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against XL Fleet Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

12:20 pm ET March 15, 2021 (Accesswire) Print

LOS ANGELES, CA / ACCESSWIRE / March 15, 2021 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing 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.

Image: https://s.yimg.com/ny/api/res/1.2/wUjGkXEPiFRVSp0APan3iQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk3LjgwODIxOTE3ODA4MjI-/https://s.yimg.com/uu/api/res/1.2/ju6IOrlM3GXsSZl8JhWJ8w--~B/aD02ODt3PTI5MjthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/accesswire.ca/0fa0368c0bf0babfe0ddfe9fdf7247da

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

View source version on accesswire.com:

https://www.accesswire.com/635534/INVESTOR-ACTION-ALERT-The-Schall-Law-Firm-Announces-the-Filing-of-a-Class-Action-Lawsuit-Against-XL-Fleet-Corp-and-Encourages-Investors-with-Losses-in-Excess-of-100000-to-Contact-the-Firm

comtex tracking

COMTEX_382735235/2457/2021-03-15T12:20:38

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