Rosen Law Firm Advocates for Generac Holdings Inc. Investors to Seek Counsel Prior to Key Securities Class Action Deadline - GNRC

New York, Dec. 30, 2023 (GLOBE NEWSWIRE) - The Rosen Law Firm, which operates at a global level championing investor rights, is currently rallying investors who acquired shares of Generac Holdings Inc. GNRC within the timeframe of May 3, 2023, to August 3, 2023, urging them to appoint legal representation ahead of a significant deadline regarding a securities class action lawsuit. This period is formally recognized as the Class Period within which the alleged securities law violations transpired.

Understanding the Basis of the Litigation

Generac Holdings Inc., listed as GNRC on the New York Stock Exchange (NYSE), is a prominent Fortune 1000 enterprise specializing in producing backup power generation systems for various market segments including residential, commercial, and industrial clients. The class action contends that throughout the Class Period, Generac Holdings Inc. disseminated misleading and misrepresented information to the investing public. This litigation, which seeks to address potential legal grievances held by GNRC stockholders who might have incurred financial damages due to these purported misrepresentations, establishes an imperative cut-off date of January 22, 2024. This deadline serves as an essential cut-off for interested investors to be named as a lead plaintiff for the class.

The Impact on Generac Holdings Inc. Investors

It is alleged that during the Class Period, Generac Holdings Inc. made false and/or misleading statements and/or failed to disclose that: the Company’s third-party suppliers were unable to meet scheduled delivery commitments, the Company was experiencing production delays due to increased demand, and these factors would negatively impact the Company’s financial performance. As a result of these actions, Generac Holdings Inc.'s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

The Rosen Law Firm's reminder emphasizes the significance for GNRC shareholders to move swiftly and consult legal experts to consider their rights and potential remedies, including the possibility of serving as the principal plaintiff. A lead plaintiff acts in the interests of all class members in directing the litigation. According to lawsuit procedural rules, any member of the purported class may move the court to serve as the lead plaintiff, but your ability to share in any potential future recovery does not require you to serve in this capacity.

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