INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in GoPro, Inc. to ...
January 25 2016 - 1:20PM
Business Wire
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 with losses in excess of $100,000 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160125006334/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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