Robbins Arroyo LLP Is Investigating the Officers and Directors of GoPro, Inc. (GPRO) on Behalf of Shareholders
February 04 2016 - 2:32PM
Business Wire
Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of GoPro, Inc. (NASDAQGS:
GPRO) violated federal securities laws by issuing materially
misleading business information to the investing public related to
the company's November 19, 2014 secondary public offering ("SPO").
GoPro is a camera company that develops hardware and software
solutions associated with capturing, managing, sharing, and
enjoying engaging content.
View this press release on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/gopro-inc-feb-2016
GoPro Stock Declines After It Issues Secondary
Offering
In June 2014, GoPro commenced an initial public offering ("IPO")
and issued approximately 17.8 million shares of stock at $24 per
share. On November 19, 2014, GoPro commenced a follow on offering.
In this follow-on offering, GoPro sold 1.2 million shares, while
insiders at the company sold over 9 million shares, at a price of
$75 per share. GoPro's stock has fallen precipitously since the
follow-on offering and now trades below $10.00 per share.
If you purchased stock in this follow-on offering and who would
like more information your rights and potential remedies, please
contact attorney Darnell R. Donahue at (800) 350-6003,
DDonahue@robbinsarroyo.com, or via the shareholder information form
on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves and the companies in which they
have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160204006391/en/
Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free
(800) 350-6003DDonahue@robbinsarroyo.comwww.robbinsarroyo.com
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