Polaris Industries Inc

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Case Summary
Company Name: Polaris Industries Inc
Stock Symbol : NYSE: PII
Class Period Start: 01/26/2016
Class Period End: 09/11/2016
Lead Plaintiff motion: 11/15/2016
Date Filed: 09/16/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Minnesota
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the November 15, 2016 lead plaintiff deadline in a class action lawsuit filed against Polaris Industries Inc (NYSE: PII) (“Polaris” or “the Company”). The suit is pending in the U.S. District Court for the District of Minnesota and investors, who purchased Polaris Industries Inc securities between January 26, 2016 and September 11, 2016, have until November 15, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Polaris Industries 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 that Polaris was unable to sufficiently validate the initially identified repair for certain of its recalled RZR vehicles; as a result, Polaris would ultimately need to implement a more complex and expensive repair solution; the financial impact of RZR vehicle recalls was therefore greater than the Company had disclosed to investors; consequently, the Company had overstated its full-year 2016 guidance; and as a result of the above, the Company's public statements were materially false and misleading at all relevant times.

On September 12, 2016, Polaris lowered its earnings guidance range for the full year 2016 to $3.30 to $3.80 per diluted share. The reduced guidance is linked to additional RZR thermal-related issues and the impact of the voluntary stop ride/stop sale notification issued on July 25.

Following this news, NYSE: PII dropped $4.05 per share or over 5% to close at $76.79 per share on September 12, 2016.

If you were negatively impacted by your investment in Polaris Industries Inc securities between January 26, 2016 and September 11, 2016 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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