Thieler Law Corp advises investors with losses exceeding $100,000 of the March 27, 2017 lead plaintiff deadline in a class action lawsuit filed against Vista Outdoor Inc (NYSE:VSTO) (“Vista” or “the Company”). The suit is pending in the U.S. District Court for the District of Utah and investors, who purchased Vista Outdoor Inc securities between August 11, 2016, and January 13, 2017, have until March 27, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Vista Outdoor Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose material adverse facts, including: that Vista was experiencing an acceleration in the softening of the retail environment and an acceleration in its own promotional activity; that, as such, Vista Outdoor was experiencing both revenue and gross margin declines; 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 fiscal year 2017 (“FY17”) annual financial statements; and that, as a result, the Company would have to recognize an impairment charge in the range of $400 million to $450 million.

On January 12, 2017, the Company revealed that it anticipates receipt of a material asset impairment charge (approximately $400 - $450 million) as a result of its Hunting and Shooting Accessories reporting unit during the 2017 fiscal year third quarter.

Following this news, NYSE:VSTO shares fell over 21% during intraday trading on January 12, 2017.

On January 13, 2017, Vista revealed that the President of its Outdoor Products segment, in which the Hunting and Shooting Accessories unit belongs, had left his position.

Following this new, NYSE:VSTO shares dropped again, harming investors.

If you were negatively impacted by your investment in Vista Outdoor Inc securities between August 11, 2016, and January 13, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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