PII SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Polaris Industries Inc....
October 19 2016 - 12:31PM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the District of
Minnesota on behalf of investors who purchased Polaris Industries
Inc. (NYSE: PII) securities between January 26, 2016 and September
11, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/polaris-industries-inc. There
is no cost or obligation to you.
According to the complaint, during the Class Period, Polaris
made false and/or misleading statements and/or failed to disclose
that: (1) Polaris was unable to sufficiently validate the initially
identified repair for certain of its recalled RZR vehicles; (2)
that the Company would ultimately need to implement a more complex
and expensive repair solution; (3) that the financial impact of RZR
vehicle recalls was greater than the Company had disclosed to
investors; (4) that Polaris overstated its full-year 2016
guidance.
Polaris announced multiple recalls for numerous vehicles in 2015
and 2016. Then in July 2016, Polaris issued a stop-ride/stop-sale
advisory pending the recall of another vehicle, citing fire
hazards. Then on September 12, 2016, Polaris lowered its earnings
guidance range for the full year 2016 from $6.00 per share to
between $3.30 and $3.80 per share.
If you suffered a loss in Polaris Industries you have until
November 15, 2016 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/polaris-industries-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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161019006172/en/
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax. 866-699-3880vw@wongesq.com
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