NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Polaris Industries Inc. (NYSE:PII) resulting from allegations that Polaris may have issued materially misleading business information to the investing public.
On July 20, 2016, Polaris provided its earnings guidance range for the full year 2016 of $6.00 to $6.30 per diluted share. On July 25, 2016, Polaris issued a stop-ride/stop-sale advisory, pending a formal recall, for MY2016 RZR Turbo off-road vehicles, due to a potential fire hazard. On September 12, 2016, Polaris lowered its earnings guidance range for the full year 2016 to $3.30 to $3.80 per diluted share. The lowered guidance is related to additional RZR thermal-related issues and the impact of the voluntary stop ride/stop sale notification issued on July 25. On this news, shares of Polaris fell $4.05 per share or over 5% to close at $76.79 per share on September 12, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Polaris investors. If you purchased shares of Polaris on or before September 9, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-951.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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