NEW YORK, May 06, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers Performance Sports Group Ltd. securities (NYSE:PSG) from August 27, 2015 through March 7, 2016, both dates inclusive (the “Class Period”) of the important May 17, 2016 lead plaintiff deadline in the class action filed by the firm. The lawsuit seeks to recover damages for Performance Sports Group investors under the federal securities laws.
To join the Performance Sports Group class action, go to the firm’s website at http://rosenlegal.com/cases-855.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for more information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants throughout the Class Period issued false and misleading statements to investors and/or failed to disclose that: (1) Sports Authority’s financial woes would impact Performance Sports Group’s financial performance; (2) the baseball and softball markets were in decline; (3) the consolidation of Performance Sports Group’s U.S. Hockey customers would create a smaller demand for hockey equipment; and (4) 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.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 17, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://rosenlegal.com/cases-855.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney advertising. Prior results do not guarantee a similar outcome.