DEC 18·TMX NewsfileMed
Grabar Law Office Investigates Claims on Behalf of Long-Term Shareholders of Holley Inc. (HLLY) f/k/a Empower Ltd. After Securities Fraud Class Action Survives Motion to Dismiss
Grabar Law Office is investigating claims on behalf of long-term shareholders of Holley Inc. (HLLY) f/k/a Empower Ltd., following the survival of a securities fraud class action lawsuit against the company. The lawsuit alleges that Holley made false or misleading statements regarding its business practices, including damage to reseller relationships, ineffective growth strategies through its DTC channel, and failure to integrate acquisitions. Shareholders who held shares since July 21, 2021, can seek corporate reforms and a return of funds.