Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Generac Holdings Inc. (NYSE: GNRC) securities.
If you suffered a loss on your Generac investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: common stock between April 29, 2021, and November 1, 2022
CASE DETAILS:
(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.
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