Levi & Korsinsky, LLP announces that a GNRC class action lawsuit has been filed on behalf of investors who purchased Generac Holdings Inc. (GNRC) common stock between April 29, 2021, and November 1, 2022. For more on the GNRC Lawsuit please contact us today.
According to the Generac Holdings Inc. lawsuit, throughout the Class Period defendants made 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.
If you suffered a loss in Generac Holdings Inc. you have until January 30, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.