HLLY INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Holley Inc. and Announces Opportunity for Investors with Substantial Losses to Lead the Holley Class Action Lawsuit
SAN DIEGO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Holley Inc. (NYSE:HLLY) securities between July 21, 2021 and February 6, 2023, inclusive (the "Class Period") have until January 5, 2024 to seek appointment as lead plaintiff of the Holley class action lawsuit. Captioned City of Fort Lauderdale General Employees' Retirement System v. Holley Inc., No. 23-cv-00148 (W.D. Ky.), the Holley class action lawsuit charges Holley and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Holley class action lawsuit, please provide your information here:
CASE ALLEGATIONS: Holley designs, manufactures, and distributes performance automotive products to customers primarily in the United States, Canada, and Europe.
The Holley class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) as a result of Holley's extensive focus on its direct-to-consumer ("DTC") channel, Holley's critically important relationships with its resellers and distributors, whose business made up the vast majority of Holley's revenue, were suffering significant damage; (ii) Holley used discounting and other similar efforts to grow its DTC channel, which undermined the pricing discipline Holley historically had with its resellers and distributors, and further damaged Holley's relationship with its resellers and distributors; (iii) as a result of Holley's strained relationships with its resellers ...
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