NEW YORK, March 21, 2017 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the District of Utah on behalf of investors who purchased Vista Outdoor, Inc.
(NYSE:VSTO) securities between August 11, 2016, and January 13, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra/vista-outdoor-inc. There is no cost or obligation to
you.
According to the complaint, throughout the Class Period, Defendants made materially false and/or misleading
statements and/or failed to disclose material adverse facts, including: (1) that Vista was experiencing an acceleration in the
softening of the retail environment and an acceleration in its own promotional activity; (2) that, as such, Vista Outdoor was
experiencing both revenue and gross margin declines; (3) 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; and (4) that, as a result, the Company would
have to recognize an impairment charge in the range of $400 million to $450 million.
If you suffered a loss in Vista Outdoor you have until March 27, 2017 to request that the Court appoint you as
lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional
information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/vista-outdoor-inc.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: vw@wongesq.com
