Performance Sports Group (PSG) Says Target of U.S. SEC Investigation
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
Performance Sports Group (NYSE: PSG) disclosed the following on Wednesday:
Item 8.01 Other Events.
An article appearing in the August 15, 2016 edition of New Hampshire Business Review reported that a Performance Sports Group spokesman “said that the firm is not under any investigation by federal authorities, though it is the target of six class action suits filed in May and consolidated in U.S. District Court in New York.”
That report is not accurate. While its August 15 announcement referenced an internal investigation, Performance Sports Group is also the subject of inquiries by U.S. and Canadian securities regulators, including an investigation by the U.S. Securities and Exchange Commission. It is also a named defendant in only one shareholder class action lawsuit now pending in the U.S. District Court for the Southern District of New York.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Herbalife (HLF) Provides Q4, FY17 Guidance in Memorandum for $1.325B Credit Facility; Lowers FY17 Sales Guidance
- Herbalife (HLF) Says SEC Requested Documents on Anti-Corruption Compliance in China; Reviewed with DoJ
- MDC Partners (MDCA) Settles with SEC Over CEO Perks
Create E-mail Alert Related CategoriesHot Corp. News, Litigation, Trader Talk
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!