Generac Investors’ Pandemic Sales Suit Booted for Final Time

Generac Holdings Inc. investors can’t proceed with a securities fraud suit over the generator maker’s financial disclosures during the Covid-19 pandemic because the material didn’t create a false picture, a federal court ruled.

The latest version of the investors’ class complaint still failed to adequately allege misleading statements, fraudulent intent, and other challenged aspects of their case, Judge Brett H. Ludwig said Thursday for the US District Court for the Eastern District of Wisconsin. The investors won’t get another chance to plead their claims, he said.

The decision, as framed by the judge, shows the high bar for securities plaintiffs ...