SHAREHOLDER ACTION ALERT The Schall Law Firm Files Class Action on Behalf of Investors in Generac Holdings Inc. and Advises Shareholders with Losses of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Generac Holdings Inc. (“Generac” or “the Company”) (NYSE: GNRC) 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 April 29, 2021 and November 1, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before January 30, 2023.
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 email@example.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. Generac falsely claimed that “safety is paramount” and that products go through “multiple rounds of design review” to maximize their safety. The Company misled investors by claiming to have a robust network of channel partners with no partner accounting for more than 6% of its sales revenue. The Company overstated its earnings while also concealing its warranty liability. 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 Generac, 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.
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The Generac Holdings Stock currently trades with a fall of -2,01 % to 103,1USD on the NYSE stock exchange.