March 15, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Performance Sports Group Ltd (NYSE:PSG) shares over potential securities laws violations by Performance Sports Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Performance Sports Group Ltd (NYSE:PSG) concerning whether a series of statements by Performance Sports Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Performance Sports Group Ltd (NYSE:PSG) grew from $12.93 per share in early 2014 to as high as $25.33 per share on May 22, 2015.

Performance Sports Group Ltd reported that its Total Revenue increased from $446.18 million for the 12 months period that ended on May 31, 2014 to $654.69 million for the 12 months period that ended on May 31, 2015 while its Net Income for those time periods declined from $19.99 million to $3.28 million.

On March 8, 2016, Performance Sports Group Ltd announced that it has revised its outlook for its 2016 fiscal year and reported preliminary results for its fiscal third quarter ended February 29, 2016.