Federal Securities Claims Against Off-Road Vehicle Manufacturer Dismissed

Mealey's (October 17, 2017, 11:41 AM EDT) -- MINNEAPOLIS — A pension fund failed to plead any actionable misstatements or omissions or scienter in arguing that off-road vehicle (ORV) manufacturer Polaris Industries Inc. and certain of its current and former executive officers concealed certain defects in its products that led to recalls of certain models of ORVs in violation of federal securities laws, a federal judge in Minnesota ruled Oct. 13 in granting the defendants’ motion to dismiss (In re Polaris Industries Inc. Securities Litigation, No. 16-3108, D. Minn.)....