Generac Holdings Inc. Investor Notice: Key Deadline in Securities Class Action Approaching

NEW YORK, Dec. 30, 2023 - Investors of Generac Holdings Inc. GNRC are being summoned to secure legal counsel prior to an approaching deadline in a securities class action lawsuit. The Rosen Law Firm, an esteemed global investor rights law firm, is reminding investors of the critical date of January 22, 2024, for a lead plaintiff motion in a lawsuit that concerns those who purchased GNRC common stock during the period of May 3, 2023, to August 3, 2023.

Background of Generac Holdings Inc.

Generac Holdings Inc., known as Generac, sits among the Fortune 1000 companies as a leading manufacturer of backup power generation products for domestic, light commercial, and industrial markets. Originating from within the United States, Generac has established itself as a reputable provider of power solutions across numerous sectors.

Details of the Class Action Suit

The class action alleges that certain officers and directors of Generac Holdings Inc. GNRC violated federal securities laws. According to the complaint, investors who acquired shares during the 'Class Period' may have been subjected to misrepresentations and omissions concerning the company's business, operations, and prospects. These actions ostensibly resulted in the artificial inflation of the company's stock price, leading to potential damages for investors upon subsequent corrections.

Importance of the Lead Plaintiff Deadline

The lead plaintiff deadline of January 22, 2024, marks an important date for investors as it is the last day for eligible shareholders to be appointed as a lead plaintiff by the court. A lead plaintiff is representative of all class members in directing the litigation process. Prospective plaintiffs are not obliged to act as a lead plaintiff in order to partake in any recovery.

Generac Holdings Inc. investors are thus encouraged to consult with experienced securities litigation counsel prior to the deadline to understand their legal rights and options. The appointment as a lead plaintiff is not mandatory to share in any recovery and individual shareholders can take an alternate path without the responsibilities of this role. The class action underscores the ongoing commitment to uphold the fair treatment and rights of investors in the financial markets.

Investment, Legal, Deadline