Investor Update: Glancy Prongay & Murray LLP Announces an Expanded Class Period in the Securities Class Action Lawsuit Pendin...
25 October 2016 - 1:11PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that it
has filed a complaint expanding the class period in the class
action lawsuit filed in the United States District Court for the
District of Minnesota on behalf of a class (the “Class”) of
investors who acquired Polaris Industries Inc. (“Polaris” or the
“Company”) (NYSE: PII) securities between February 20, 2015, and
September 11, 2016, inclusive (the “Class Period”). Investors
have until November 15, 2016 to file a lead plaintiff
motion.
According to the complaint, throughout the Class Period, the
defendants issued false and misleading statements to investors
and/or failed to disclose adverse facts regarding Polaris’s
business and financial results, including that: (1) a material
amount of Polaris vehicles were subject to a safety recall that
would degrade the Polaris brand; (2) the safety recalls would
subject to the Company to large potential liabilities, including an
expensive and complicated repair process as well as loss of
goodwill; (3) the recalls jeopardized the Company’s future revenues
and profitability; (4) the Company overstated its full-year 2016
guidance; and (5) as a result of the foregoing, Defendants’
statements about Polaris’s business, operations, and prospects,
were false and misleading and/or lacked a reasonable basis.
If you purchased Polaris securities during the Class Period, you
may move the Court no later than November 15, 2016 to
request appointment as lead plaintiff. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com, or visit our
website at http://www.glancylaw.com. If you inquire by email please
include your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161024006611/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
Polaris (NYSE:PII)
Historical Stock Chart
From Apr 2024 to May 2024
Polaris (NYSE:PII)
Historical Stock Chart
From May 2023 to May 2024