According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- Generac’s portable generators posed an unreasonable risk of injury to users and the public;
- as a result, at least seven finger amputations and one crushed finger had been reported to the Company;
- as a result, Generac would face increased regulatory scrutiny;
- the Company would end sales in its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada in June 2021;
- the Company would recall its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada;
- the end of sales and the recall would occur before the Company’s noted hurricane and wildfire seasons and following the Texas outage—periods the Company has touted for sales; and
- as a result, defendants’ public statements and statements to journalists were materially false and/or misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
