NEW YORK, Nov. 24, 2023 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, has filed a class action lawsuit on behalf of purchasers of Generac Holdings Inc. (NYSE: GNRC) common stock. The lawsuit covers the period between May 3, 2023, and August 3, 2023, and aims to seek compensation for investors who may have suffered damages. If you are a Generac investor during this period, it is crucial to secure legal counsel before the January 22, 2024 deadline to potentially serve as lead plaintiff.
Generac Holdings Inc. is facing allegations of misleading investors regarding its Q2 2023 earnings. During an earnings call, CEO Aaron P. Jagfeld disclosed disappointing results, including a $1 billion sales decrease and a 44% decline in residential sales. The CEO attributed these poor results to a shift in consumer spending patterns, contradicting previous statements downplaying the effect of macroeconomic trends. As a result, Generac’s share price plummeted, leading to potential losses for investors.
Rosen Law Firm, renowned for its expertise in securities class actions and shareholder derivative litigation, encourages affected investors to consider joining the class action. By becoming a participant, investors may be eligible for compensation without incurring any out-of-pocket fees or costs. To learn more about the class action and how to get involved, interested parties can contact Phillip Kim, Esq. toll-free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
It is crucial for investors to choose qualified counsel with a proven track record of success in leadership roles when participating in class action lawsuits. The Rosen Law Firm has achieved numerous significant settlements in securities class actions and has recovered hundreds of millions of dollars for investors. They have consistently been recognized for their excellence, ranking number one for securities class action settlements in 2017 and securing over $438 million for investors in 2019 alone.
Investors should remember that until a class is certified, they are not represented by counsel unless they retain one. They have the option to select their preferred legal representation or choose to remain as an absent class member without taking any immediate action. Additionally, an investor’s ability to potentially recover losses in the future does not rely on serving as the lead plaintiff.
Stay updated on developments by following Rosen Law Firm on LinkedIn, Twitter, and Facebook. It is essential to stay informed and understand one’s rights as the class action progresses. As with any legal matter, past results do not guarantee future outcomes.
As the January 22, 2024 deadline approaches, Generac Holdings Inc. investors who purchased common stock during the Class Period are urged to secure legal counsel and assess their eligibility to participate in the class action. Taking proactive steps can help protect their rights and potentially recover losses incurred during the specified period.
