Case Page

 

Case Status:    ONGOING    
On or around 09/22/2017 (Ongoing date of last review)

Filing Date: January 25, 2017

According to a law firm's press release, the complaint alleges that, throughout the Class Period, the defendants failed to disclose: (1) that Vista was experiencing an acceleration in the softening of the retail environment and an acceleration in its own promotional activity; (2) that, as such, Vista was experiencing both revenue and gross margin declines; (3) that, as a result of the foregoing, the Company would have to begin the impairment assessment for its Outdoor Products segment's reporting units in the third quarter of 2017, rather than with the preparation of the company's FY17 annual financial statements; and (4) that, as a result, the Company would have to recognize an impairment charge in the range of $400 million to $450 million. The complaint further alleges that, as a result of the foregoing, the defendants' statements about Vista's business, operations and prospects were false and misleading and/or lacked a reasonable basis.

On July 3, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended complaint on September 22.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Recreational Products
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: VSTO
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Utah
DOCKET #: 17-CV-00012
JUDGE: Hon. Robert J. Shelby
DATE FILED: 01/25/2017
CLASS PERIOD START: 08/11/2016
CLASS PERIOD END: 01/13/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Goebel Anderson PC
    405 S. Main Street Ste 200, Goebel Anderson PC, UT 84111
    (801)441-9393 ·
No Document Title Filing Date
COURT: D. Utah
DOCKET #: 17-CV-00012
JUDGE: Hon. Robert J. Shelby
DATE FILED: 09/22/2017
CLASS PERIOD START: 08/11/2016
CLASS PERIOD END: 01/13/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Anderson & Karrenberg
    700 Bank One Tower, 50 West Broadway, Anderson & Karrenberg, UT 84101
    801.534.1700 ·
  2. Pitta LLP
    120 Broadway 28th Floor, Pitta LLP
    212652.3836. ·
  3. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date