Cohen Milstein, Pension Fund To Lead Sports Co. Stock Suit
By Zachary Zagger (June 7, 2016, 9:13 PM EDT) -- A New York federal judge on Tuesday 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...
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