GNRC - GNRC Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Generac Holdings Inc. Class Action | Benzinga
SAN DIEGO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons who purchased or otherwise acquired Generac Holdings, Inc. (NYSE:GNRC) stock between May 3, 2023 and August 3, 2023. Generac designs, engineers and markets standby power generators. It produces generators for both industry and for home consumers. It also produces other products for industrial and personal use, such as heaters and pressure washers.
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What is this Case About: Generac Holdings, Inc. (GNRC) Made False and Misleading Statements Regarding its Business Prospects
According to the complaint, during the class period, defendants underplayed the impact of inflation on consumer generator sales, going so far as to say that it is "trumped" by other factors. Consequently, defendants provided investors with a skewed outlook for 2023, asserting that the Company would ...