NEW YORK, Oct. 2, 2014 /PRNewswire/ -- Levi &
Korsinsky, LLP is investigating GoPro, Inc. ("GoPro" or the
"Company") (Nasdaq: GPRO) in connection with possible breaches of
fiduciary duty by certain insiders.
To get more information, click here:
http://zlk.9nl.com/gopro-gpro. There is no cost or
obligation to you.
On October 2, 2014 GoPro Founders
Nicholas and Jill Woodman announced
that on the following day they planned to "gift" approximately 5.8
million shares from their stake in GoPro to the Nicholas + Jill
Woodman Foundation, a charitable organization. The Woodmans reached
a deal with JPMorgan, the lead book-running manager of GoPro's
June 2014 Initial Public Offering, to
release the charitable organization from the lock-up arrangement
effective Friday. GoPro's regulatory filings prior to the IPO state
that the lock-up restriction provides that major shareholders (like
the Woodmans) can only transfer shares under particular
circumstances—including the making of a "bona fide gift." However,
any recipient of the gifted shares must be "bound by the terms of
the lock-up agreement."
If you own common stock in GoPro and wish to obtain additional
information, please contact Eduard
Korsinsky, Esq. either via email at ek@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/gopro-gpro.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP