NEW
YORK, Jan. 6, 2023 /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=35353&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:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law