Harwood Feffer LLP Announces Investigation of Vista Outdoor Inc.

NEW YORK, Jan. 25, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Vista Outdoor Inc. ("Vista" or the "Company") (NYSE: VSTO) concerning whether the board has breached its fiduciary duties to shareholders.

Vista has announced that it expects to incur a material, non-cash impairment charge in the third quarter of 2017. According to some financial analyst, this charge could be in the $400 to $450 million range and could lead to a loss for the quarter. On news of the charge, Vista stock declined more than 20%.

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Vista shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com 
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

 

SOURCE Harwood Feffer LLP