Update in Lawsuit for Investors in shares of GoPro Inc (NASDAQ:GPRO) announced by Shareholders Foundation
October 05 2016 - 2:58PM
The Shareholders Foundation, Inc. announces that a lawsuit is
pending in California on behalf of certain investors who purchased
shares of GoPro Inc (NASDAQ:GPRO) over alleged Securities Laws
Violations by GoPro Inc.
Investors who purchased shares of GoPro Inc (NASDAQ:GPRO)
pursuant to the Company’s June 26, 2014 initial public offering
(via the Loyal 3 program) and suffered a financial loss have also
certain options and should contact the Shareholders Foundation at
mail@shareholdersfoundation.com or call +1(858) 779 -
1554.
On January 13, 2016 a lawsuit was filed against GoPro over
alleged securities laws violations. The plaintiff claims that the
defendants failed to disclose that the Company was experiencing
weak sales of its HERO line of cameras throughout the Class Period,
that that the Company was experiencing weak HERO4 Session sales at
the time the third Quarter guidance was announced, that the
Company’s third quarter 2015 guidance was based on the assumption
that GoPro would be able to sell a significant additional amount of
HERO4 Session cameras, that the Company’s third and fourth quarter
2015 guidance was inflated and unrealistic, and that, as a result
of the foregoing, Defendants’ statements about GoPro’s business,
operations, and prospects, were false and misleading and/or lacked
a reasonable basis. On June 21 and July 28, 2016 amended complaints
were filed and on September 26, 2016 the defendants filed their
motion to dismiss the case.
Those who purchased shares of GoPro Inc (NASDAQ:GPRO) pursuant
to the Company’s June 26, 2014 initial public offering via the
Loyal3 program and suffered a financial loss have certain options
and should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and a settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
GoPro (NASDAQ:GPRO)
Historical Stock Chart
From Mar 2024 to Apr 2024
GoPro (NASDAQ:GPRO)
Historical Stock Chart
From Apr 2023 to Apr 2024