Investigation for Investors in Shares of Vista Outdoor Inc (NYSE:VSTO) over Possible Violations of Securities Laws
An investigation for investors in Vista Outdoor Inc (NYSE:VSTO) shares over potential securities laws violations by Vista Outdoor Inc was announced and NYSE:VSTO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 01/24/2017 --An investigation was announced for investors in NYSE:VSTO shares concerning possible violations of securities laws by Vista Outdoor Inc in connection certain financial statements
Investors who purchased shares of Vista Outdoor Inc (NYSE:VSTO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by Vista Outdoor Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 11, 2017, Jan Vista Outdoor Inc (NYSE:VSTO) announced that it expects to record a material, non-cash intangible asset impairment charge in its Hunting and Shooting Accessories reporting unit in the third quarter of its Fiscal Year 2017. Vista Outdoor Inc (NYSE:VSTO) said that the Company's preliminary analysis indicates the impairment charge will be in the range of $400 million to $450 million.
Shares of Vista Outdoor Inc (NYSE:VSTO) declined to as low as $26.91 per share on January 19, 2017.
Those who purchased shares of Vista Outdoor Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/763304