Pawar Law Group Announces Filing of Securities Class Action Lawsuit Against Vista Outdoor Inc. – VSTO

NEW YORK, NY / ACCESSWIRE / March 10, 2017 / The Pawar Law Group announces a class action lawsuit on behalf of Vista Outdoor Inc. (NYSE: VSTO) investors who purchased Vista stock between August 11, 2016 and January 13, 2017, inclusive (the “Class Period”). The suit is for recovery of investor losses.

To participate in this class action lawsuit, visit the firm’s website at http://pawarlawgroup.com/cases/vista-outdoor-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com or call toll free at (866) 999-0873.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, throughout the Class Period Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects, including that: (1) Vista was experiencing an acceleration in the softening of the retail environment and an acceleration in its own promotional activity; (2) as such, Vista was experiencing both revenue and gross margin declines; (3) in turn, Vista would have to begin the impairment assessment for its Outdoor Products segment’s reporting units in the third quarter of 2017, rather than with the preparation of Vista’ fiscal year 2017 annual financial statements; (4) as a result, Vista would have to recognize an impairment charge in the range of $400 million to $450 million; and (5) as a result of the foregoing, Defendants’ statements about Vista’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

If you wish to serve as lead plaintiff, you must move the Court no later than March 27, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/vista-outdoor-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com

Contact:

Vik Pawar, Esq.

Pawar Law Group

20 Vesey Street, Suite 1210

New York, NY 10007

Tel: (212) 571-0805

Fax: (212) 571-0938

vik@pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 457072