The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Generac Holdings Inc. (NYSE: GNRC) who purchased common stock between April 29, 2021, and November 1, 2022. The action, which was filed in the United States District Court for the Eastern District of Wisconsin, alleges that the Company violated federal securities laws.
In particular, the Generac lawsuit alleges 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.
Shareholders have until January 30, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
To learn more and keep informed, complete this form >