San Diego, CA -- (SBWIRE) -- 03/22/2017 -- A deadline is coming up on March 27, 2017 in the lawsuit filed for certain investors of Vista Outdoor Inc (NYSE:VSTO) over alleged securities laws violations by Vista Outdoor Inc.

Investors who purchased shares of Vista Outdoor Inc (NYSE:VSTO) have certain options and there are strict and short deadlines running. Deadline: March 27, 2017. NYSE:VSTO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

According to the complaint filed in the U.S. District Court for the District of Utah the plaintiff alleges on behalf of purchasers of Vista Outdoor Inc (NYSE:VSTO) common shares between August 11, 2016, and January 13, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 11, 2016, and January 13, 2017, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects, including that Vista Outdoor Inc was experiencing an acceleration in the softening of the retail environment and an acceleration in its own promotional activity, that, as such, Vista Outdoor was experiencing both revenue and gross margin declines, that, as a result of the foregoing, the Company would have to begin the impairment assessment for its Outdoor Products segment's reporting units in the third quarter of 2017, rather than with the preparation of the Company's fiscal year 2017 ("FY17") annual financial statements, that, as a result, the Company would have to recognize an impairment charge in the range of $400 million to $450 million, and that, as a result of the foregoing, Defendants' statements about Vista Outdoor's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

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