NEW YORK--(BUSINESS WIRE)--
Levi & Korsinsky announces it has commenced an investigation of Vista Outdoor Inc. (NYSE:VSTO) (“Vista”) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On January 12, 2017, Vista revealed in its Form 8-K that it is expecting a material asset impairment charge (approximately $400 - $450 million) to its Hunting and Shooting Accessories reporting unit. Following this news, the value of Vista shares fell 21% in the course of the day, from $37.79 on Jan 11, 2017 to $29.58 on Jan 12, 2017 . On January 13, 2017, Kelly Grindle, the current President, Outdoor Products, left the Company to pursue other opportunities. After the release of this information, the value of Vista continued to decline, closing at $28.70 on January 13th, 2017. To obtain additional information, go to:
http://zlk.9nl.com/Vista_Outdoor_VSTO
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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