Generac investors may, no later than October 19, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or 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 had been reported to the company (3) as a result, Generac would face increased regulatory scrutiny (4) Generac would end sales in its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada in June 2021 (5) Generac would recall its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada (6) the end of sales and the recall would occur before Generac’s noted hurricane and wildfire seasons and following the Texas outage-periods the company has touted for sales and (7) as a result, defendants’ public statements and statements to journalists were materially false and/or misleading at all relevant times. Generac describes itself as a leading global designer and manufacturer of a wide range of energy technology solutions, which provides power generation equipment and other power products serving the residential, light commercial and industrial markets. LEAD PLAINTIFF DEADLINE: October 19, 2021ĬONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS: ( NYSE: GNRC) ("Generac") investors of upcoming lead plaintiff deadline in securities fraud class action lawsuit filed against Generac on behalf of those who purchased or acquired Generac securities between February 23, 2021, and July 29, 2021, inclusive (the "Class Period"). RADNOR, Pa., October 16, 2021-( BUSINESS WIRE)-The law firm of Kessler Topaz Meltzer & Check, LLP reminds Generac Holdings Inc.
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