Performance Sports Execs Settle Securities Fraud Suit

By Craig Clough (September 14, 2021, 9:08 PM EDT) -- Two Performance Sports Group executives and investors led by the Plumbers & Pipefitters National Pension Fund reached a settlement in a proposed class action accusing the execs of misleading shareholders about sketchy sales tactics that bankrupted the sports gear manufacturer, the fund told a New York federal judge Tuesday.

The agreement was reached out of court, and details of the settlement were not publicly available, but counsel for the fund informed the court in a letter they are "working together to prepare the documentation necessary to effectuate the settlement" and requesting a stay in all deadlines in the case.

Carol V....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!