Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Western District of Wisconsin against Generac Holdings Inc.
Upcoming Lead Plaintiff Deadline is January 22, 2024
NEW YORK and CHICAGO, Dec. 6, 2023 /PRNewswire/ -- Wolf Haldenstein Adler & Herz LLP ("Wolf Haldenstein") announces that a federal securities class action lawsuit has been filed against Generac Holdings Inc. ("Generac" or "the Company") (NYSE: GNRC) in the United States District Court for the Western District of Wisconsin behalf of investors that incurred damages on their purchases in Generac securities between May 3, 2023 and August 3, 2023, inclusive (the "Class Period").
All investors who purchased shares and incurred losses are advised to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses, you may, no later than January 22, 2024, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights.
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According to the filed Complaint, the Company made false and misleading statements
to the market. Generac claimed to the market that it could grow its residential sales despite challenging economic conditions, going so far as to downplay the impact of inflation on consumer sales.
The truth was revealed when the Company revealed a year-over-year sales decrease of 28% on August 2, 2023. On the next trading day, Generac shares closed at $115.95, down $35.43 per share.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at [email protected].
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
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