LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Vista Outdoor, Inc. (“Vista” or the “Company”) (NYSE: VSTO) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at email@example.com.
The investigation is centered on whether Vista and some of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Vista revealed that it is expecting a material asset impairment charge (approximately $400 - $450 million) to its Hunting and Shooting Accessories reporting unit during the third quarter of the 2017 fiscal year. When this news was revealed to investors, the value of Vista fell over 21% that day. Then on January 13, 2017, Vista revealed that the President of its Outdoor Products segment, in which the Hunting and Shooting Accessories unit belongs, had resigned from his position. Following the release of this information to the investing public, the value of Vista declined, causing investors severe harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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