NEW YORK, May 13, 2016 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC filed a securities class action on behalf of those who purchased shares of Performance Sports Group, Ltd. ("Performance Sports" or "the Company") (NYSE: PSG) expanding the class period to include the period between January 15, 2015 and March 14, 2016 inclusive (the "Class Period"). The class action has been filed in the United States District Court for the Southern District of New York case number 1:16-cv-03591.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
The Complaint alleges that throughout the Class Period defendants issued false and misleading statements to investors and/or failed to disclose that: (1) Sports Authority's fiscal troubles would impact Performance Sports Group's financial performance; (2) the baseball and softball markets were weakening; (3) the merging of Performance Sports Group's U.S. Hockey customers would create a lesser demand for hockey equipment; and (4) consequentially, defendants' statements about Performance Sports Group's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint or join the action, please visit the firm's site: http://www.bgandg.com/#!psg/t0d58. To discuss this action, or for any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator, Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Performance Sports Group, Ltd. you have until May 17, 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.
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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman
212-697-6484 | email@example.com
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