SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of GoPro, Inc. of Class Action Lawsuit and a Lead Plaintiff Dea...
February 01 2016 - 11:49AM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of
GoPro, Inc. (“GoPro”) (NASDAQ:GPRO)
between July 21, 2015 and January 13, 2016.
You are hereby notified that a
securities class action lawsuit has been commenced in the USDC for
the Northern District of California. If you purchased or otherwise
acquired GoPro securities between July 21, 2015 and January 13,
2016, your rights may be affected by this action. To get more
information go to: http://zlk.9nl.com/gopro.
On October 28, 2015, GoPro issued a press
release announcing disappointing third quarter 2015 results,
including revenue of $400 million—far below the Company’s guidance
of $430-$445 million. During an earnings call held the same day,
GoPro CEO Nick Woodman attributed the Company’s poor performance,
in part, to weak sales related to the Company’s HERO4 Session
camera. Then on January 13, 2016, GoPro announced a preliminary
fourth quarter 2015 revenue of $435 million, far below the
Company’s guidance of $500-$550 million. The Company also announced
a plan to reduce its workforce by approximately 7 percent and is
expected to incur approximately $5 to $10 million in restructuring
costs.
If you suffered a loss in GoPro you have
until March 14, 2016 to request that the Court appoint you
as lead plaintiff. Your ability to share in any recovery doesn’t
require that you serve as a lead plaintiff. To obtain additional
information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://zlk.9nl.com/gopro.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and
experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions
of dollars for aggrieved shareholders. 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: (212) 363-7171
www.zlk.com
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