October 13, 2017
A Minnesota federal judge on Friday threw out a proposed class action alleging Polaris Industries Inc. concealed the true risks to its business resulting from defects in its off-road vehicles, finding that the investors behind the suit hadn't backed up their securities fraud claims with any actionable misstatements or omissions.
July 18, 2017
Off-road vehicle manufacturer Polaris can't pass off alleged misrepresentations about potential risks to the company's business as simple mismanagement while its vehicles burst into flame and injured customers, a proposed class of investors told a Minnesota federal court Monday.
September 20, 2016
Recreational vehicle maker Polaris Industries Inc. was smacked Friday with a proposed shareholder class action in Minnesota federal court by an investor claiming the company underrepresented the financial effects of a defect that caused numerous vehicles to catch fire and spurred a recall.