CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--
Goldman Scarlato & Penny, P.C., a law firm that fights for the rights of investors and consumers, announces that a class action lawsuit has been filed against Vista Outdoor, Inc. (“Vista” or the “Company”)(NYSE: VSTO), on behalf of persons who purchased or otherwise acquired Vista securities between August 11, 2016 and January 13, 2017, inclusive (the “Class Period”). Vista investors have 60 days from January 25, 2017 to seek to be appointed a lead plaintiff.
If you have suffered losses on your investment in Vista and would like more information about the lawsuit against Vista, how class actions work, what role you can play in this class action, or if you have information relevant to our ongoing investigation of Vista, you are encouraged to contact Mark Goldman, Esq. at [email protected] or call (484) 342-0700. Mr. Goldman has over 30 years’ experience representing individual and institutional investors in securities class actions nationwide.
On January 11, 2017, Vista disclosed that it expects to record a material, non-cash intangible asset impairment charge in its Hunting and Shooting Accessories reporting unit. While the actual amount of the impairment was not announced, Vista said it expected the charge to be in the $400-$450 million range. In response, the Company’s stock dropped more than 20% the next day, on heavy volume. On January 13, 2017, Vista announced that the reporting unit’s president was being replaced. Prior to January 11, 2017, investors were not informed about the depth of the challenges the Hunting and Shooting Accessories reporting unit was experiencing.
The attorneys of Goldman Scarlato & Penny, P.C. bring over 30 years of experience investigating and litigating securities fraud cases in courts throughout the country. We are happy to talk to you via email or phone and explain your options. Please visit our website, www.lawgsp.com for more information about the Firm and our attorneys.
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