Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in GoPro, Inc. to Contact Brower Pive...
January 19 2016 - 5:13PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Northern
District of California on behalf of purchasers of GoPro, Inc.
(Nasdaq:GPRO) (“GoPro” or the “Company”) securities during the
period between July 21, 2015 and January 13, 2016, inclusive (the
“Class Period”). Investors who wish to become proactively
involved in the litigation have until March 14, 2016 to seek
appointment as lead plaintiff.
If you have suffered a loss from investment in
GoPro securities purchased on or after July 21, 2015 and held
through the revelation of negative information during and/or at the
end of the Class Period, as described below, and would like to
learn more about this lawsuit and your ability to participate as a
lead plaintiff, without cost or obligation to you, please visit our
website at
http://www.browerpiven.com/currentsecuritiescases.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above
action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you
and the Class, you must apply to be appointed lead plaintiff and be
selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether
to accept a settlement for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Company securities during the Class
Period. Brower Piven also encourages anyone with information
regarding the Company’s conduct during the period in question to
contact the firm, including whistleblowers, former employees,
shareholders and others.
The complaint accuses the defendants of
violations of the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that the
Company was experiencing weak sales of its HERO line of cameras
despite guidance inconsistent therewith.
According to the complaint, following the
October 28, 2015 Company announcement that revenue for the third
quarter of 2015 was much lower than the Company’s guidance and the
January 13, 2016 Company announcement that fourth quarter revenues,
too, were substantially below the Company’s guidance and that the
Company would undergo staff and price reductions, the value of
GoPro shares declined significantly.
Attorneys at Brower Piven have extensive
experience in litigating securities and other class action cases
and have been advocating for the rights of shareholders since the
1980s. If you choose to retain counsel, you may retain Brower
Piven without financial obligation or cost to you, or you may
retain other counsel of your choice. You need take no action
at this time to be a member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
GoPro (NASDAQ:GPRO)
Historical Stock Chart
From Jun 2024 to Jul 2024
GoPro (NASDAQ:GPRO)
Historical Stock Chart
From Jul 2023 to Jul 2024