NEW YORK, March 02, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds
purchasers of Vista Outdoor Inc. securities (NYSE:VSTO) from August 11, 2016 through January 13, 2017, inclusive (the “Class
Period”) of the important March 27, 2017 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for
Vista investors under the federal securities laws.
To join the Vista class action, go to http://rosenlegal.com/cases-1038.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at
866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF
YOUR CHOICE.
According to the lawsuit, throughout the Class Period 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: (1) Vista was experiencing an acceleration in the softening of the retail environment and an acceleration in its own
promotional activity; (2) as such, Vista was experiencing both revenue and gross margin declines; (3) in turn, Vista 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 Vista’ fiscal year 2017 annual financial statements; (4) as a result, Vista would have to recognize an
impairment charge in the range of $400 million to $450 million; and (5) as a result of the foregoing, Defendants’ statements about
Vista’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court
no later than March 27, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to http://rosenlegal.com/cases-1038.html or to discuss your rights or interests regarding this
class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com kchan@rosenlegal.com www.rosenlegal.com
