NEW YORK, Oct. 27, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Polaris Industries, Inc. ("Polaris Industries, Inc." or the "Company") (NYSE: PII), concerning whether the board has breached its fiduciary duties to shareholders.
During 2015 and 2016, Polaris announced recalls for numerous models of its vehicles. In July 2016, the Company issued a "stop-ride/stop-sale" advisory pending the recall of yet another of its vehicles due to fire hazards. Then, on September 12, 2016, the Company lowered its forecasted earnings for 2016 from $6 per share to between $3.30 and $3.80 per share.
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 Polaris 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
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.
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SOURCE Harwood Feffer LLP