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LOS ANGELES, Jan. 3, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy advises Generac Holdings Inc. (“Generac” or “the Company”) GNRC Investors that a lawsuit was filed on behalf of investors who purchased securities between April 29, 2021 and November 1, 2022.

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

According to the lawsuit, the company made false and misleading statements to the market. Generac falsely claimed that “safety comes first” and that products go through “multiple rounds of design review” to maximize their safety. The company misled investors by claiming it had a robust network of distributors, with no partner accounting for more than 6% of its sales revenue. The company has overstated its profits while hiding its warranty liability. Based on these facts, the Company’s public statements throughout the class action period were false and substantially misleading. As a result of the defendants’ misrepresentations and omissions, Generac common stock was trading at artificially inflated prices during the Class Period.

Please visit our website to verify further information and to submit your transaction information.

Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar results.

Lesley F. Portnoy, Esq.
Bar Association in CA and NY
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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