TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Performance Sports Group Ltd (NYSE:PSG) Investor Securities Class Action Lawsuit 03/18/2016

  • If you purchased shares of Performance Sports Group Ltd (NYSE:PSG), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Performance Sports Group Ltd
Security
NYSE: PSG

Case Name
Performance Sports Group Shareholder Class Action Lawsuit 03/18/2016
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to Performance Sports Group Ltd.
Summary

September 13, 2019 - A third amended complaint was filed.
November 3, 2016 - A second amended complaint was filed.

August 15, 2016 - An amended complaint was filed.

May 17, 2016 - The case was transferred to the U.S. District Court for the Southern District of New York.

March 21, 2016 (Shareholders Foundation) - An investor in shares of Performance Sports Group Ltd (NYSE:PSG) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Performance Sports Group in connection with certain allegedly false and misleading statements made between August 27, 2015 and March 7, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Performance Sports Group Ltd (NYSE:PSG) common shares between August 27, 2015 and March 7, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 27, 2015 and March 7, 2016 defendants allegedly issued false and misleading statements to investors and/or failed to disclose that Sports Authority’s financial woes would impact Performance Sports Group’s financial performance, that the baseball and softball markets were in decline, that the consolidation of Performance Sports Group’s U.S. Hockey customers would create a smaller demand for hockey equipment, and that as a result, 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

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. Shares of Performance Sports Group Ltd (NYSE:PSG) declined to as low as $2.80 per share on March 8, 2016.