INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of GoPro, Inc. of Class Action Lawsuit & a Lead Plaintiff Deadlin...
February 19 2016 - 11:06AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160219005652/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.,
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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