I took $PSG down, Filed for chapter 11 March 0
Post# of 23065
Posted On: 03/08/2016 8:41:18 PM
I took $PSG down, Filed for chapter 11
March 08, 2016 06:57 PM Eastern Standard Time
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Performance Sports Group Ltd. (“Performance Sports Group” or the “Company”) (NYSE: PSG) concerning the Company’s and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured Performance Sports Group investors.
On March 8, 2016, the Company issued a press release disclosing that the Company had reduced its fiscal year 2016 Adjusted EPS guidance by approximately $0.55 per share from $0.66 to $0.69 per diluted share to approximately $0.12 to $0.14 per diluted share. The Company attributed the reduced guidance to “(i) a write down of the receivable balance from a U.S. national sporting goods retailer that has filed under chapter 11 and the related anticipated loss of sales from this retailer ($0.09 per share); (ii) an anticipated reduction in sales, particularly due to weakness in the baseball/softball market ($0.31 per share); and (iii) additional bad debt reserves primarily for certain U.S. hockey customers and the related anticipated loss of sales from such customers ($0.19 per share).”
On this news, the Company’s shares fell $5.75 per share, or 66.4%, to close at $2.91 on March 8, 2016, thereby injuring investors.
If you purchased Performance Sports Group securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Casey Sadler, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
March 08, 2016 06:57 PM Eastern Standard Time
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Performance Sports Group Ltd. (“Performance Sports Group” or the “Company”) (NYSE: PSG) concerning the Company’s and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured Performance Sports Group investors.
On March 8, 2016, the Company issued a press release disclosing that the Company had reduced its fiscal year 2016 Adjusted EPS guidance by approximately $0.55 per share from $0.66 to $0.69 per diluted share to approximately $0.12 to $0.14 per diluted share. The Company attributed the reduced guidance to “(i) a write down of the receivable balance from a U.S. national sporting goods retailer that has filed under chapter 11 and the related anticipated loss of sales from this retailer ($0.09 per share); (ii) an anticipated reduction in sales, particularly due to weakness in the baseball/softball market ($0.31 per share); and (iii) additional bad debt reserves primarily for certain U.S. hockey customers and the related anticipated loss of sales from such customers ($0.19 per share).”
On this news, the Company’s shares fell $5.75 per share, or 66.4%, to close at $2.91 on March 8, 2016, thereby injuring investors.
If you purchased Performance Sports Group securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Casey Sadler, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'