June 07, 2016

A New York federal judge approved Plumbers & Pipefitters National Pension Fund as lead plaintiff and Cohen Milstein Sellers & Toll PLLC as lead counsel in a proposed class action alleging Performance Sports Group misled investors about the company's value before earnings revisions caused its stock price to drop significantly.

The investors alleged in a lawsuit filed last month that Performance Sports Group Ltd. and its top brass deceived them about a dip in the company’s earnings caused by the consolidation of its retailer clients, the bankruptcy of Sports Authority Inc. and other sports-equipment sellers, and a general decline in certain athletic markets.

The full article can be read here