LOS ANGELES -- (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/
Contacts:
Glancy Prongay & Murray LLP, Los Angeles
Lesley
Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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