A deadline is coming up on October 19, 2021 in the lawsuit filed for certain investors of Generac Holdings Inc. (NYSE: GNRC) over alleged securities laws violations by Generac Holdings Inc.
Investors who purchased shares of Generac Holdings Inc. (NYSE: GNRC) have certain options and there are strict and short deadlines running. Deadline: October 19, 2021. NYSE: GNRC stockholders should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Generac Holdings Inc. (NYSE: GNRC) common shares between February 23, 2021, and July 29, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 23, 2021 and July 29, 2021, the defendants made false and/or misleading statements and/or failed to disclose that Generac’s portable generators posed an unreasonable risk of injury to users and the public, that as a result, at least seven finger amputations and one crushed finger had been reported to the Company, that as a result, Generac would face increased regulatory scrutiny, that the Company would end sales in its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada in June 2021, that the Company would recall its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada, that the end of sales and the recall would occur before the hurricane and wildfire seasons and following the Texas outage—periods the Company has touted for sales, and that as a result, defendants’ public statements and statements to journalists were materially false and/or misleading at all relevant times.
Those who purchased shares of Generac Holdings Inc. (NYSE: GNRC) have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.