Glancy Prongay & Murray LLP Announces January Deadline for Investor Lead Plaintiff Motion in Holley Inc. Class Action Lawsuit

Investors are being alerted to an important January 5, 2024 deadline for the class action lawsuit involving Holley Inc. HLLY, an automotive aftermarket products company. The law firm of Glancy Prongay & Murray LLP (GPM) is issuing a reminder to investors who purchased or otherwise acquired shares of Holley to file a lead plaintiff motion in connection with the lawsuit filed against the company.

Background of Holley Inc.

Holley Inc. HLLY, with its headquarters in Bowling Green, Kentucky, is known for designing, manufacturing, and marketing high-quality aftermarket products for car and truck enthusiasts. The company serves a wide range of customers across the United States, Canada, Europe, and China, catering to a community passionate about vehicle performance and customization.

Details of the Class Action Lawsuit

The class action lawsuit alleges that Holley Inc. and certain of its executives made materially false and misleading statements about the company's business, operations, and compliance policies. The lawsuit seeks to recover damages on behalf of the class of investors who have been affected by the alleged misconduct. The impending deadline of January 5, 2024, is significant as it is the last day investors can file to be appointed as lead plaintiff, which is a critical role in directing the class action.

Importance of the Lead Plaintiff Deadline

The lead plaintiff role is reserved for the investor or group of investors who have the largest financial interest in the relief sought by the class and who are also representative of the class's claims. The lead plaintiff will work with class counsel to direct the litigation and potentially help shape the case's outcome. Investors who meet certain legal requirements may petition the court to be appointed as lead plaintiff. Therefore, the reminder serves as a crucial prompt for investors to come forward before the deadline passes.

How to Participate in the Class Action

Investors who purchased Holley Inc. HLLY shares and have been affected by the alleged securities law violations are urged to contact Glancy Prongay & Murray LLP to learn more about their rights and options. Those interested in serving as lead plaintiff must move the court no later than January 5, 2024. It is advised that investors consult with legal professionals to understand the implications of joining the class action and the process of filing a lead plaintiff motion.

deadline, lawsuit, reminder