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Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, trade, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and a range of specialty products. The Company's segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream manufactures, trades and sells petroleum products. The refining and supply operations consists of a global network of manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants and other products and feedstocks to its customers around the world. The Chemical segment manufactures and sells petrochemicals. The Chemical business supplies olefins, polyolefins, aromatics, and a variety of other petrochemicals.

Premarket

Last Trade
Delayed
$61.60
0.32 (0.52%)
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Closing Price
$61.28
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
5,522

10-day average volume:
23,847,903
5,522

TUESDAY DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Generac Holdings Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - GNRC

4:10 pm ET October 15, 2021 (Accesswire) Print

SAN DIEGO, CA / ACCESWIRE / October 15, 2021 / Robbins Geller Rudman & Dowd LLP announces that purchasers of Generac Holdings Inc. (NYSE:GNRC) securities between February 23, 2021 and July 29, 2021, both dates inclusive (the "Class Period") have until this upcoming Tuesday, October 19, 2021, to seek appointment as lead plaintiff in Khami v. Generac Holdings Inc., No. 21-cv-06777, the Generac class action lawsuit. The Generac class action lawsuit charges Generac and certain of its top executives with violations of the Securities Exchange Act of 1934. The Generac class action lawsuit was commenced on August 20, 2021 in the Central District of California. A similar lawsuit, Procter v. Generac Holdings Inc., No. 21-cv-07009, was also filed in the Central District of California.

Image: https://www.accesswire.com/users/newswire/images/668188/RGRD-Logo-Wires.jpg

If you wish to serve as lead plaintiff of the Generac class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Generac class action lawsuit must be filed with the court no later than this upcoming Tuesday, October 19, 2021.

CASE ALLEGATIONS: The Generac class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Generac's portable generators posed an unreasonable risk of injury to users and the public; (ii) as a result, at least seven finger amputations and one crushed finger had been reported to Generac; (iii) thus, Generac would face increased regulatory scrutiny; (iv) Generac would end sales in its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada in June 2021; (v) Generac would recall its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada; (vi) the end of sales and the recall would occur before Generac's noted hurricane and wildfire seasons and following the Texas outage - periods Generac has touted for sales; and (vii) consequently, defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.

On July 29, 2021, the United States Consumer Product Safety Commission, Health Canada, and the Organisation for Economic Co-operation and Development announced the Generac portable generator recall, revealing that Generac had received reports of seven finger amputations and one finger crushing. On this news, Generac's stock price fell approximately 7%, damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Generac securities during the Class Period to seek appointment as lead plaintiff in the Generac class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Generac class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Generac class action lawsuit. An investor's ability to share in any potential future recovery of the Generac class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever - $7.2 billion - in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs' firm. Please visit http://www.rgrdlaw.com for more information.

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Past results do not guarantee future outcomes.

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Contact:

Robbins Geller Rudman & Dowd LLP

655 W. Broadway, San Diego, CA 92101

J.C. Sanchez, 800-449-4900

jsanchez@rgrdlaw.com

SOURCE: Robbins Geller Rudman & Dowd LLP

View source version on accesswire.com:

https://www.accesswire.com/668188/TUESDAY-DEADLINE-Robbins-Geller-Rudman-Dowd-LLP-Announces-that-Generac-Holdings-Inc-Investors-with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Lawsuit--GNRC

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COMTEX_395282512/2457/2021-10-15T16:10:10

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