Khang & Khang LLP announces that it is investigating claims of potential misrepresentations by Performance Sports Group Ltd. (“Performance Sports” or the “Company”) (NYSE: PSG). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors.
If you purchased shares of Performance Sports during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
On March 8, 2016, the Company reduced its fiscal year 2016 guidance by roughly $0.55 per diluted share. The company attributed the reduction in guidance to a write down of the receivable balance from a major sporting goods retailer that has filed under Chapter 11 and the loss of sales from this retailer.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
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