Kessler Topaz Meltzer & Check, LLP Reminds Polaris Industries, Inc. Shareholders of Important Deadline in Class Action Lawsuit

RADNOR, PA--(Marketwired - October 13, 2016) - The law firm of Kessler Topaz Meltzer & Check, LLP announces that a shareholder class action lawsuit has been filed in the United States District Court for the District of Minnesota against Polaris Industries, Inc. (NYSE: PII) ("Polaris" or the "Company") on behalf of purchasers of the Company's securities between January 26, 2016 and September 11, 2016, inclusive (the "Class Period").

Deadline Reminder: Investors who purchased Polaris securities during the Class Period may, no later than November 15, 2016, petition the Court to be appointed as a lead plaintiff representative of the class. For additional information, or to learn how to participate in this action, please visit https://www.ktmc.com/new-cases/polaris-industries-inc#join.

Polaris, together with its subsidiaries, designs, engineers, manufactures and markets off-road vehicles, snowmobiles, motorcycles, and on-road vehicles in the U.S. and worldwide.

In July 2015, Polaris issued a recall for the Company's model-year 2016 Youth RZR off-highway vehicle, citing fire hazards. Three other recalls of the Company's RZR vehicles followed -- in October 2015, December 2015, and April 2016 -- impacting more than 160,000 RZR vehicles of various model years. Nevertheless, throughout the Class Period - and as recently as July 20, 2016 - Polaris consistently advised investors that the Company expected to report fiscal 2016 net income of at least $6.00 per diluted share.

On September 12, 2016, Polaris issued a press release disclosing that it was lowering its fiscal 2016 earnings guidance from $6.00 - $6.30 per diluted share to $3.30 to $3.80 per diluted share - $2.50 to $2.70 per diluted share lower than the Company's prior guidance. The Company attributed the lowered guidance to the impact of RZR thermal-related problems, citing, in part, the Company's inability "to sufficiently validate the initially identified RZR Turbo recall repair, necessitating a more complex and expensive repair solution."

On this news, Polaris stock fell $4.05, or over 5%, to close on September 12, 2016 at $76.79 per share, on heavy trading volume.

The shareholder complaint alleges that Polaris and certain of its executive officers made a series of false and misleading statements and/or failed to disclose to investors during the Class Period that: (i) the Company was unable to sufficiently validate the initially identified repair for certain of its recalled RZR vehicles; (ii) as a result, the Company would ultimately need to implement a more complex and expensive repair solution; (iii) the financial impact of RZR vehicle recalls was therefore greater than the Company had disclosed to investors; and (iv) consequently, the Company had overstated its full-year 2016 guidance. The complaint further alleges that, as a result of the foregoing, Polaris's public statements during the Class Period were materially false and misleading at all relevant times.