NEW YORK, Oct. 10, 2016 (GLOBE NEWSWIRE) — The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Polaris Industries Inc. (NYSE:PII) between January 26, 2016 and September 11, 2016.
You are hereby notified that a securities class action has commenced in the USDC for the District of Minnesota. If you purchased or otherwise acquired Polaris securities between January 26, 2016 and September 11, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/polaris-industries-inc.
The complaint alleges that during the Class Period, Polaris made false and/or misleading statements and/or failed to disclose that: (1) Polaris was unable to sufficiently validate the initially identified repair for certain of its recalled RZR vehicles; (2) that the Company would ultimately need to implement a more complex and expensive repair solution; (3) that the financial impact of RZR vehicle recalls was greater than the Company had disclosed to investors; (4) that Polaris overstated its full-year 2016 guidance.
In 2015 and 2016, Polaris announced multiple recalls for numerous vehicles. Then in July 2016, Polaris issued a stop-ride/stop-sale advisory pending the recall of another vehicle, citing fire hazards. Then on September 12, 2016, Polaris lowered its earnings guidance for the year 2016 from $6.00 per share to between $3.30 and $3.80 per share.
If you suffered a loss in Polaris you have until November 15, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/polaris-industries-inc.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com