GENERAC DEADLINE ALERT: Faruqi & Faruqi Securities

NEW YORK, Aug 29, 2021 (GLOBE NEWSWIRE) – Faruqi & Faruqi, LLP, a leading national securities firm, is investigating possible claims against Generac Holdings Inc. (“Generac” or the “Company”) (NYSE: GNRC) and is reminding investors to the October 19, 2021 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the company.

If you suffered losses in excess of $ 50,000 between February 23, 2021 and July 29, 2021 while investing in Generac stock or options and would like to discuss your legal rights, call Faruqi & Faruqi Partners Josh Wilson directly at 877-247-4292 or 212-983-9330 (ext. 1310). You can also click here for more information: www.faruqilaw.com/GNRC.

There are no costs or obligations for you.

Faruqi & Faruqi is a leading national minority and women-owned securities firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

As described below, the lawsuit focuses on whether the Company and its officers have violated U.S. securities laws by making false and / or misleading statements and / or failing to disclose: (1) Generac’s portable generators provided an unreasonable risk of injury to users and the public; (2) As a result, at least seven finger amputations and one broken finger were reported to the Company; (3) As a result, Generac would face increased regulatory scrutiny; (4) the company would cease sales of its Generac® and DR® portable generators, 6500 watts and 8000 watts, respectively, in the United States and Canada in June 2021; (5) the company would recall its Generac® and DR® portable generators, 6500 watts and 8000 watts, respectively, in the United States and Canada; (6) the end of sales and recall would come before the company’s known hurricane and forest fire seasons and after the Texas outage – periods the company has announced for sales; and (7) as a result, the public statements made by the defendants and to journalists at all relevant times have been materially false and / or misleading. When the real details hit the market, the lawsuit claims that investors have suffered damage.

On July 29, 2021, the U.S. Consumer Product Safety Commission (CPSC), Health Canada, and the Organization for Economic Co-operation and Development (OECD) announced the recall of the Generac portable generator with amputations and a finger crush.

In light of this news, Generac’s stock price fell $ 31.04 per share, or 7%, over the next three trading days from its closing price on July 28, 2021, and closed at $ 400.00 per share on August 2, 2021, appealing to investors harmed.

The court-appointed lead plaintiff is the investor with the greatest financial interest in the class action appeal, which is appropriate and typical of the class directing and overseeing the litigation on behalf of the alleged class action. Either member of the alleged group can have the court lead plaintiff through an attorney of their choosing, or they can choose not to do anything and remain an absent member of the group. Your ability to participate in a recovery will not be affected by your decision to be the lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information about Generac’s conduct to contact the company, including whistleblowers, former employees, shareholders, and others.

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