SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against GoPro, Inc...
January 15 2016 - 5:07PM
Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of GoPro, Inc.
(NASDAQ:GPRO)?
- Did you purchase your shares between July 21, 2015 and
January 13, 2016, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a
complaint has been filed in the United States District Court for
the Northern District of California on behalf of all persons or
entities that purchased the common stock of GoPro, Inc. (“GoPro” or
the “Company”) (NASDAQ:GPRO) between July 21, 2015 and January 13,
2016, inclusive (the “Class Period”), alleging violations of the
Securities Exchange Act of 1934 against the Company and certain of
its officers (the “Complaint”).
If you purchased shares of GoPro during the
Class Period, or purchased shares prior to the Class Period and
still hold GoPro, and wish to discuss this action or have any
questions concerning this notice or your rights or interests,
please contact Timothy J. MacFall, Esquire or Peter Allocco of
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803 at (888) 969-4242; by e-mail to
info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/gopro-inc-gpro.
The Complaint alleges that throughout the Class Period, defendants
made materially false and misleading statements, and omitted
materially adverse facts, about the Company’s business, operations
and prospects. As a result of defendants’ alleged false and
misleading statements, the Company’s stock traded at artificially
inflated prices during the Class Period.
According to the Complaint, on January 13, 2016,
the Company issued a press release disclosing preliminary fourth
quarter 2015 revenue of $435 million, falling below its guidance of
$500 million - $550 million. GoPro also announced that it planned
to reduce its workforce by approximately 7% and incur approximately
$5 million to $10 million in restructuring costs, substantially all
of which relates to severance costs.
On this news, shares of GoPro dropped over 14%,
closing at $12.48 per share on January 14, 2016, on heavy trading
volume.
If you wish to serve as lead plaintiff, you must
move the Court no later than March 14, 2016. A
lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. Any member of the
proposed class may move the court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member.
Attorney advertising. Prior results do not guarantee a similar
outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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