Vista Outdoor Securities Settlement

www.VistaOutdoorSecuritiesSettlement.com


To read an update to the Plan of Allocation, click here.

Overview

IF YOU PURCHASED OR ACQUIRED SECURITIES OF VISTA OUTDOOR INC. (“VISTA” OR THE “COMPANY”) DURING THE PERIOD FROM AUGUST 11, 2016 TO NOVEMBER 9, 2017, INCLUSIVE (“THE CLASS PERIOD”), YOU MAY BE ENTITLED TO SHARE IN THE PROCEEDS OF THE CLASS ACTION SETTLEMENT.

To claim your share of this Fund, you MUST submit a valid Proof of Claim and Release Form (“Proof of Claim”) postmarked or submitted online on or before November 26, 2018.

Court-appointed Lead Plaintiff, The New York Hotel Trades Council and Hotel Association of New York City, Inc. Pension Fund (“Lead Plaintiff”), has reached a proposed settlement in the amount of $6,250,000 in cash (the “Settlement”) on behalf of the proposed Settlement Class. Cash payments will be made if the Court approves the Settlement and after any appeals are resolved.

The Notice relates to a proposed Settlement of claims in a pending securities class action lawsuit brought by investors alleging, among other things, that Defendants violated the federal securities law by allegedly failing to make required disclosures to investors regarding a January 2017 and November 2017 write-off of recorded goodwill in Vista’s Outdoor Product segment. The proposed Settlement, if approved by the Court, will settle claims of all persons and entities who purchased or otherwise acquired Vista securities during the Class Period.

Subject to Court approval, Lead Plaintiff, on behalf of the proposed Class, has agreed to settle all claims in the Action in exchange for a cash payment of $6,250,000 (the “Settlement Amount”). The Net Settlement Fund (the Settlement Fund less court-awarded attorneys’ fees and expenses, Notice and Administration Expenses, any required Taxes or Tax Expenses payments, and any other fees or expenses approved by the Court) will be distributed in accordance with a plan of allocation (the “Plan of Allocation”) that will be approved by the Court and will determine how the Net Settlement Fund shall be allocated to the Members of the Class. The proposed Plan of Allocation is included in the Notice (see pages 9-11).

Excluded from the Class are Individual Defendants, any person who was an officer, director, or managing agent of Vista or any of its subsidiaries or affiliates at any point during the Class Period, members of the immediate family of any of the foregoing individuals, any affiliate of Vista, any entity in which the Defendants have or had a controlling interest, and the legal representatives, heirs, predecessors, successors or assigns of any such excluded party.

Lead Plaintiff and the Class are being represented by the Court-appointed Lead Counsel:

Gregory M. Nespole Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue New York, New York 10016 Telephone: 212-545-4600 Betsy C. Manifold Wolf Haldenstein Adler Freeman & Herz LLP 750 B Street, Suite 2770 San Diego, CA 92101 Telephone: 619-239-4599

Your legal rights will be affected whether you act or do not act. If you do not act, you may permanently forfeit your right to recover on this claim. Therefore, you should read the Notice carefully and in its entirety.


YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:
SUBMIT A PROOF OF CLAIM FORM POSTMARKED OR SUBMITTED ONLINE NO LATER THAN November 26, 2018 This is the only way to get a cash payment from the Settlement.
EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION POSTMARKED NO LATER THAN October 10, 2018 Get no payment. This is the only option that allows you to ever be part of any other lawsuit against the Defendants concerning the claims that were, or could have been, asserted in this case. It is also the only way for Class Members to remove themselves from the Class. If you are considering excluding yourself from the Class, please note that there is a risk that any new claims asserted against the Defendants may no longer be timely and would be time-barred. You should talk to a lawyer before you request exclusion from the Class for the purpose of bringing a separate lawsuit.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION POSTMARKED NO LATER THAN October 10, 2018. Write to the Court and explain why you do not like the Settlement, the proposed Plan of Allocation, and/or the request for attorneys’ fees and expenses. In order to object, you must remain a Member of the Class, may not exclude yourself, and you will be bound by the Court’s determinations.
GO TO THE HEARING ON October 31, 2018 at 2:30PM, AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS POSTMARKED NO LATER THAN October 10, 2018. Ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and expenses.
DO NOTHING. You will not be eligible to receive a payment from the Settlement, you will give up your rights, and you will still be bound by the Settlement.

Notice

Court Documents

Learn more about the Settlement by downloading the documents below.

Proof of Claim

Electronic Filing Instructions

If you are an institution filing on behalf of 10 or more accounts, you can submit your claim(s) electronically. No electronic files will be considered to have been properly submitted unless the Claims Administrator issues an email after processing your file with your claim numbers and respective account information. Do not assume that your file has been received or processed until you receive this email. If you do not receive such an email within 10 days of your submission, you should contact the electronic filing department at eclaim@choosegcg.com to inquire about your file and confirm it was received.

Additional Information

This website contains only a summary of the terms of the Settlement. If you have read the infromation located on the Home, FAQ, Notice and Court Documents pages, but have additional questions, you may contact the Claims Administrator or Lead Counsel as follows:

Claims Administrator Lead Counsel
GCG P.O Box 10603 Dublin, Ohio 43017-9203 Telephone: (888)558-9299 Email: info@vistaoutdoorsecuritiessettlement.com Gregory M. Nespole, Esq. Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue New York, New York 10016 Telephone: 212-545-4600 Betsy C. Manifold, Esq. Wolf Haldenstein Adler Freeman & Herz LLP 750 B Street, Suite 2770 San Diego, CA 82101 Telephone: 619-239-4599

Updates to the Plan of Allocation

All updates are in red.

  1. Common Stock
  2. a. For each Vista share of common stock that was purchased during the period August 11, 2016 to January 11, 2017, inclusive,
    1. i. that was sold prior to January 12, 2017, the Recognized Loss per share is $0.
    2. ii. that was sold during the period January 12, 2017 to November 8, 2017, inclusive, the Recognized Loss per share is the lesser of
      1. A. $4.10; or
      2. B. the purchase price minus the sale price.
    3. iii. that was sold on or after November 9, 2017, the Recognized Loss per share is the lesser of
      1. A. $6.88; or
      2. B. the purchase price minus the sales price.
    4. iv. that was held through February 8, 2018, the Recognized Loss per share is the lesser of
      1. A. $6.88; or
      2. B. The purchase price minus $14.74.
  3. b. For each Vista share of common stock that was purchased during the period January 12, 2017 to November 9, 2017, inclusive,
    1. i. that was sold prior to November 9, 2017, the Recognized Loss per share is $0.
    2. ii. that was sold on or after November 9, 2017, the Recognized Loss per share is the lesser of
      1. A. $2.78; or
      2. B. the purchase price minus the sales price.
    3. iii. that was held through February 8, 2018, the Recognized Loss per share is the lesser of
      1. A. $2.78; or
      2. B. The purchase price minus $14.74.
  4. Bonds
  5. a. For each Vista $1,000 bond that was purchased during the period August 11, 2016 to January 11, 2017, inclusive,
    1. i. that was sold prior to January 12, 2017, the Recognized Loss per $1,000 bond is $0.
    2. ii. that was sold during the period January 12, 2017 to November 8, 2017, inclusive, the Recognized Loss per $1,000 bond is the lesser of
      1. A. $1.96; or
      2. B. the purchase price minus the sale price.
    3. iii. that was sold on or after November 9, 2017, the Recognized Loss per $1,000 bond is the lesser of
      1. A. $20.47; or
      2. B. the purchase price minus the sales price.
    4. iv. that was held through February 8, 2018, the Recognized Loss per $1,000 bond is the the lesser of
      1. A. $20.47; or
      2. B. The purchase price minus $97.66.
  6. b. For each Vista $1,000 bond that was purchased during the period January 12, 2017 to November 9, 2017, inclusive,
    1. i. that was sold prior to November 9, 2017, the Recognized Loss per $1,000 bond is $0.
    2. ii. that was sold on or after November 9, 2017, the Recognized Loss per $1,000 bond is the lesser of
      1. A. $18.51; or
      2. B. the purchase price minus the sales price.
    3. iii. that was held through February 8, 2018, the Recognized Loss per $1,000 bond is the the lesser of
      1. A. $18.51; or
      2. B. The purchase price minus $97.66.