NEW YORK, Dec. 9, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Generac Holdings Inc. (NYSE: GNRC).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/generac-holdings-loss-submission-form/?id=34410&from=4
This lawsuit is on behalf of all investors who purchased or otherwise acquired Generac Holdings Inc. common stock between April 29, 2021, and November 1, 2022, inclusive.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until January 30, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Generac Holdings Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) despite defendant's claims that "safety is paramount", Generac's SnapRS units, which are components for rapidly shutting down solar devices in certain dangerous situations, were defective; (2) Generac did not timely record warranty liabilities resulting from the defective SnapRS units; and, (3) despite assurances to the contrary, the Company's sales to channel partners were highly concentrated in a single partner.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
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New York, New York 10036
T: (212) 867-4490
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SOURCE Jakubowitz Law
