SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Vista Outdoor, Inc. (VSTO)
NEW YORK, Jan. 17, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/vsto.
The investigation concerns whether Vista and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On January 12, 2017, Vista revealed that it expects a material asset impairment charge (about $400 - $450 million) due to its Hunting and Shooting Accessories reporting unit during the 2017 fiscal year third quarter. Following this news, the Vista stock dropped more than 21% on that same day. Then on January 13, 2017, Vista announced that the President of its Outdoor Products segment had resigned from his position. The Hunting and Shooting Accessories unit belongs, to the Outdoor Products segment. Following this new, Vista stock dropped again, damaging investors.
If you are aware of any facts relating to this investigation, or purchased Vista shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/vsto. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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