Investigation of Vista Outdoor, Inc. Announced by the Law Firm Goldman Scarlato & Penny, P.C.; Investors Encouraged to Contact the Firm

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)-- Goldman Scarlato & Penny, P.C. announces an investigation on behalf of shareholders of Vista Outdoor, Inc. (“Vista” or the “Company”)(NYSE: VSTO) concerning potential violations of the federal securities laws by the Company and company insiders. The investigation focuses on the Company’s recent warning to investors that it expected to “record a material, non-cash intangible asset impairment charge” in fiscal third quarter 2017 at its “hunting and shooting accessories reporting unit”. Vista’s stock declined more than 20% upon making this announcement and has not recovered. A day after announcing the charge, Vista also announced the departure of the President of this business unit of the Company.

According to certain financial analysts, the total size of the impairment will likely be in the $400 million to $450 million range. This may lead ultimately to Vista’s reporting a significant loss for the quarter in a quarter analysts were expecting the Company to achieve a small profit.

If you purchased Vista shares prior to January 12, 2017 and would like more information about our investigation of Vista, how class actions work, what role you can play in a class action, or if you have information relevant to the investigation, you are encouraged to contact Mark Goldman, Esq. at [email protected] or call (484) 342-0700.

The attorneys of Goldman Scarlato & Penny, P.C. bring over 25 years of experience investigating and litigating securities fraud cases in courts throughout the country. Please visit our website, www.lawgsp.com for more information about the Firm and our attorneys.

This press release may be considered Attorney Advertising in some jurisdictions, under applicable laws and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170123006070/en/

Goldman Scarlato & Penny, P.C.
Mark S. Goldman, Esq., 484-342-0700
[email protected]

Source: Goldman Scarlato & Penny, P.C.

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