SAN FRANCISCO, Oct. 5, 2017 /PRNewswire/ -- Shareholder and
consumer rights law firm Schubert Jonckheer & Kolbe LLP has
launched an investigation into whether certain officers and
directors of GoPro, Inc. (NASDAQ: GPRO) breached their fiduciary
duties by causing the company to issue false and misleading
statements. GoPro makes and sells mountable and wearable cameras,
drones and accessories.
On July 26, 2017, the United States District Court for the
Northern District of California issued an order denying
the motion to dismiss securities fraud class action claims against
GoPro and certain of its executives. The securities fraud
class action alleges that during the period September 19, 2016
through November 8, 2016, defendants
misrepresented key aspects of GoPro's business, inflating the
company's stock price. Specifically, defendants are alleged to have
made false and misleading statements that (a) GoPro was "on track"
to achieve revenue guidance when it was not; (b) GoPro's new drone
was available at multiple retailers when it was not; and (c)
GoPro's new drone's aerial footage was "amazingly smooth" when the
drone suffered from a design defect.
Schubert Jonckheer & Kolbe's investigation concerns when and
how much certain of GoPro's officers and directors knew about these
practices. Shareholders interested in seeking the recovery of
damages on behalf of GoPro and securing other remedial measures
should contact the firm.
If you are a long-term holder of GoPro stock and wish to obtain
additional information about Schubert Jonckheer & Kolbe's
investigation and your legal rights, please contact us via
email at wjonckheer@schubertlawfirm.com or by telephone
at (415) 788-4220, or fill out the form on our website
at http://classactionlawyers.com/gopro.
About Schubert Jonckheer & Kolbe
Schubert Jonckheer & Kolbe has extensive experience in
prosecuting securities claims, representing investors throughout
the nation in securities and shareholder lawsuits. Attorney
advertising. Prior results do not guarantee similar
outcomes.
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SOURCE Schubert Jonckheer & Kolbe LLP