Today's Date: March 19, 2024
101 Mobility Celebrates Excellence with Inaugural Franchise of the Year Award at Annual Conference in Nashville, TN   •   Turning Clutter into Cash: Nextdoor Insights Reveal an Upcycling Opportunity in America’s Annual Spring Cleaning Trend   •   Waldo International School Celebrates Women's History Month with Inspirational Speakers   •   Spiritus Announces the First “Carbon Orchard” for Direct Air Capture, will Sequester 2 Megatons of Carbon Annually i   •   Trnd Launches Advanced Brand Analytics   •   Sprouts Farmers Market Announces New NIL Deals   •   Owens Corning Publishes 2023 Sustainability Report   •   Northwest Harvest Announces Partnership with Network of Giving   •   Jilly Bing Launches First True-to-Life Asian American Doll at Toys"R"Us at Macy's   •   LINCOLN MEMORIAL EASTER SUNRISE SERVICE IS MARCH 31: A WASHINGTON TRADITION FOR 44 YEARS   •   EA SPORTS FC™ Announce New Sponsorship of UEFA’s Women in Football Leadership Programme   •   Illuminating Widespread Bias in Education Leadership: Women Leading Ed Releases First-Ever Survey of Women Leaders from Across t   •   Viridi Energy Acquires Maine Digester Facility for Industry-Leading Biosolids-to-RNG Project   •   NEW BOOK ENERGIZES MID-CAREER WOMEN BY PROMOTING INTENTIONAL SELF-ADVOCACY AND REJECTING SOCIETAL NORMS THAT HOLD WOMEN BACK   •   Varsity Tutors Rolls Out 2024 Summer Learning Programming   •   Republic of Zambia to Become First Nation to Join Operation HOPE's 'Financial Literacy for All' Initiative   •   Core & Main Announces Fiscal 2023 Fourth Quarter and Full-Year Results   •   Wyndham's Women Own the Room Initiative Drives Over One Dozen Hotel Openings   •   ProLogium Showcases Path to De-carbonization with Its Exclusive Solid-State Battery at Taipei Net Zero City Expo   •   Best Life Insurance Plans for Women - Our Top Picks for 2024
Bookmark and Share

GENERAC HOLDINGS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losse

NEW ORLEANS , December 03 /Businesswire/ - Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 30, 2023 to file lead plaintiff applications in a securities class action lawsuit against Generac Holdings Inc. (NYSE: GNRC), if they purchased the Company’s shares between April 29, 2021 and November 1, 2022, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Wisconsin.

What You May Do

If you purchased shares of Generac and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-gnrc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 30, 2023.

About the Lawsuit

Generac and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 19, 2022, the Company released dismal preliminary financial results for 3Q2022 including a $55 million pre-tax charge relating to its clean energy product warranties and expenses, due to a distributor that had filed for bankruptcy. On this news, shares of Generac fell by $37.44 per share, or 25%. Then on November 2, 2022, the Company released its third quarter earnings and significantly lowered full-year guidance on sales by its solar energy business of approximately 40% due to the loss of a major customer and $37.3 million worth of clean energy product warranty-related issues. On this news, shares of Generac stock fell an additional $8.99 per share, or 8%.

The case is County Voluntary Employees’ Beneficiary Association and Oakland County Employees’ Retirement System v. Generac Holdings Inc., No. 22-cv-1436.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.


STORY TAGS: Louisiana, Class Action Lawsuit, Professional Services, Legal, United States, North America, Lawsuit,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News