SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Performance Sports Group, Ltd. (PSG)

Mar 09, 2016, 10:13 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, March 9, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities Performance Sports Group, Ltd. ("Performance Sports" or "the Company") (NYSE: PSG). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This investigation concerns whether Performance Sports and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On March 8, 2016, Performance Sports Group reduced its fiscal year 2016 Adjusted EPS guidance by roughly $0.55 per diluted share largely due to: (1) a write down of the receivable balance from a U.S. national sporting goods retailer that has filed under chapter 11 and the loss of sales from this retailer; (2) a drop in sales, particularly due to weakness in the baseball/softball market; and (3) further bad debt assets for select U.S. hockey customers and the loss of sales from such customers.

Following this news, Performance Sports stock dropped $5.75 or over 66% to close at $2.91 per share on March 8, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Performance Sports, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!psg/t0d58.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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