HLLY - HOLLEY DEADLINE ALERT: Bragar Eagel & Squire P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Holley Inc. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Holley Inc. ("Holley" or the "Company") (NYSE:HLLY) in the United States District Court for the Western District of Kentucky on behalf of all persons and entities who purchased or otherwise acquired Holley securities between July 21, 2021 and February 6, 2023, both dates inclusive (the "Class Period"). Investors have until January 5, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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The Holley class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) as a result of Holley's extensive focus on its direct-to-consumer ("DTC") channel, Holley's critically important relationships with its resellers and distributors, whose business made up the vast majority of Holley's revenue, were suffering significant damage; (ii) Holley used discounting and other similar efforts to grow its DTC channel, which undermined the pricing discipline Holley historically had with its resellers and distributors, and further damaged Holley's ...