SAN DIEGO, Oct. 12, 2015 /PRNewswire/ -- BOTTINI &
BOTTINI, INC. (http://www.bottinilaw.com) today announced an
investigation on behalf of individuals and institutional
investors who purchased GoPro, Inc. (NASDAQ: GPRO) stock between
June 26, 2014 and January 13, 2015. The
investigation focuses on whether GoPro, its underwriters, and
certain of its officers violated the federal securities laws by
issuing false or misleading statements in — or omitting material
information from — the registration statement issued in connection
with GoPro's initial public offering ("IPO") on June 26, 2014 and secondary public offering
("SPO") on November 20, 2014.
GoPro commenced the IPO on June 26,
2014, selling approximately 17.8 million shares of common
stock at $24 per share. In less
than a week, the price of GoPro shares rose more than 100% to
$48 per share, and eventually reached
$98.47 on October 7, 2014. On November 20, 2014, GoPro commenced the SPO,
issuing approximately 10.3 million additional shares of common
stock at $75 per share.
Bottini & Bottini's investigation focuses on whether the
registration statements issued in connection with the IPO and the
SPO contained false or misleading statements, or failed to disclose
material information that was required to be disclosed under the
federal securities laws. Specifically, the investigation
focuses on whether GoPro was required and failed to disclose
material information regarding competition and the likelihood of
pricing pressures on the company's margins.
GoPro shareholders who purchased GoPro shares between
June 26, 2014 and January 13, 2015 have important legal rights and
may have a claim for damages related to the purchase of their GoPro
stock.
For further information about your potential legal rights and
remedies, contact Yury A. Kolesnikov,
Esq. at Bottini & Bottini, Inc. by e-mailing
ykolesnikov@bottinilaw.com or calling (858) 914-2001.
CONTACT:
Yury A. Kolesnikov
Bottini & Bottini, inc.
7817 Ivanhoe Avenue, Suite 102
La Jolla, CA 92037
Tel.: (858) 914-2001
E-mail: ykolesnikov@bottinilaw.com
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SOURCE Bottini & Bottini, Inc.