LOS ANGELES--(BUSINESS WIRE)--
Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a complaint expanding the class period in the class action lawsuit filed in the United States District Court for the District of Minnesota on behalf of a class (the “Class”) of investors who acquired Polaris Industries Inc. (“Polaris” or the “Company”) (NYSE: PII) securities between February 20, 2015, and September 11, 2016, inclusive (the “Class Period”). Investors have until November 15, 2016 to file a lead plaintiff motion.
According to the complaint, throughout the Class Period, the defendants issued false and misleading statements to investors and/or failed to disclose adverse facts regarding Polaris’s business and financial results, including that: (1) a material amount of Polaris vehicles were subject to a safety recall that would degrade the Polaris brand; (2) the safety recalls would subject to the Company to large potential liabilities, including an expensive and complicated repair process as well as loss of goodwill; (3) the recalls jeopardized the Company’s future revenues and profitability; (4) the Company overstated its full-year 2016 guidance; and (5) as a result of the foregoing, Defendants’ statements about Polaris’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased Polaris securities during the Class Period, you may move the Court no later than November 15, 2016 to request appointment as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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