Generac Holdings Inc.
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Generac Holdings Inc. ("Generac" or the "Company") on behalf of stockholders. A class action complaint has been filed against Generac. The complaint alleges that defendants made materially false and/or misleading statements that failed to disclose the following adverse facts pertaining to the Company's business, operations, and financial condition, which were known to or deliberately disregarded by defendants: (i) the Company had been suffering substantial declines in demand for its legacy generator product offerings, causing the Company to slash product prices by nearly 20% and engage in a massive acquisition spree in an attempt to offset waning demand; (ii) SnapRS components being marketed and sold through a partnership with the Company suffered from serious product defect and safety issues; (iii) the Company was exposed to significant impending warranty liability related to the Company's participation in the sale of SnapRS components; and (iv) as a result of the foregoing, the strength of the Company's business metrics and financial prospects had been grossly overstated and materially misrepresented.