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Court Rejects Holley's Attempt to Amend Order Forcing It to Disgorge $2 Million in Ill-Gotten Profits to Specialty Auto Parts U.S.A.

1. Holley must return over $2 million from illegal carburetor sales. 2. Court ruling impacts HLLY's financial standing and reputation.

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FAQ

Why Bearish?

This ruling may negatively affect investor sentiment. Similar past court rulings have led to stock declines as companies face financial penalties.

How important is it?

The judgment directly affects Holley's profitability and could influence investor confidence.

Why Short Term?

Immediate financial implications could deter investors. Historical events show short-term declines after legal judgments.

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SPEE
WARREN, Mich.--(BUSINESS WIRE)--On March 27, 2024, the United States District Court for the Western District of Kentucky (Bowling Green) issued a judgment stating that Holley Performance Products, Inc. [NYSE: HLLY] SHALL DISGORGE to Specialty Auto Parts U.S.A., Inc. the $2,028,264.19 in net profit it derived from its sales of Ultra Aluminum HP carburetors that were in violation of a 2001 Settlement Agreement reached between Holley and Specialty. The Court determined that “Holley freely chose to.

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