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SAN DIEGO, Oct 09, 2021 (GLOBE NEWSWIRE) – Shareholder rights law firm Johnson Fistel, LLP announces that buyers of Generac Holdings, Inc. (NYSE: GNRC) between February 23, 2021 and July 29, 2021, have until October 19, 2021, to file a request as principal applicant.
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According to the lawsuit, the defendants throughout the litigation period made false and misleading statements and failed to disclose that: (1) Generac’s portable generators posed an unreasonable risk of injury to users and the public; (2) as a result, at least seven finger amputations and one crushed finger were reported to the Company; (3) as a result, Generac would face increased regulatory oversight; (4) the Company would end sales of its 6,500-watt and 8,000-watt Generac® and DR® portable generators in the United States and Canada in June 2021; (5) the Company would recall its 6,500-watt and 8,000-watt Generac® and DR® portable generators in the United States and Canada; (6) the end of sales and the recall would occur before the hurricane and wildfire seasons and after the Texas blackout, which periods the Company has advertised for sales; and (7) as a result, the defendants’ public statements and statements to journalists were materially false and misleading at all relevant times.
A principal plaintiff will act on behalf of all other class members to bring the class action lawsuit against Generac. The principal plaintiff can choose a law firm of their choice to litigate the class action. The ability of an investor to share any possible future recovery of the class action lawsuit against Generac does not depend on its status as principal plaintiff.
If you have suffered a substantial loss and would like to learn more about how to be a principal applicant, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If you are sending an email, please include a phone number.
In addition, you can [Click here to join this action]. There is no cost or obligation for you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in class actions between shareholders and derivatives. For more information about the firm and its lawyers, please visit http://www.johnsonfistel.com. Lawyer advertising. Past results do not guarantee future results.
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Jim Baker, 619-814-4471