ATLANTA, GA / ACCESSWIRE / December 5, 2022 / Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Generac Holdings, Inc. ("Generac" or the "Company") (NYSE:GNRC). The lawsuit alleges Generac made materially false and misleading statements and/or failed to disclose material adverse facts about Generac's business, operations, and prospects, including: (1) that a component in the Company's power solar power product was defective and dangerous; (2) Generac was dependent upon a specific channel partner to drive sales of its product, contrary to claims that no customer or partner drove more than 6% of Generac's sales; (3) Generac failed to account for its liability for warranty claims arising from the sale of its allegedly defective product and misrepresented the Company's warranty liability, thus misleading investors about the Company's financial condition and overstating its earnings.
If you bought shares of Generac between April 29, 2021, and November 1, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at [email protected] or Joshua Karr, Esq. at [email protected], by toll-free telephone at (888) 508-6832 or you may visit the firm's website at https://holzerlaw.com/case/generac/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is January 30, 2023.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
[email protected]
SOURCE: Holzer & Holzer