EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against GoPro, Inc. – GPRO
February 22 2016 - 6:00PM
Rosen Law Firm, a global investor rights law firm, announces the
filing of a class action lawsuit on behalf of purchasers of GoPro,
Inc. securities (NASDAQ:GPRO) from July 21, 2015 through January
13, 2016, inclusive (the “Class Period”). The lawsuit seeks to
recover damages for GoPro investors under the federal securities
laws.
To join the GoPro class action, go to the firm’s
website at http://rosenlegal.com/cases-817.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
According to the lawsuit, throughout the Class
Period defendants issued materially false and misleading statements
to investors and/or failed to disclose that: (1) GoPro was
experiencing weak sales of its HERO line of cameras; (2) GoPro was
experiencing weak HERO4 Session sales at the time the third Quarter
guidance was announced; (3) GoPro’s third quarter 2015 guidance was
based on the assumption that GoPro would be able to sell a
significant additional amount of HERO4 Session cameras; (4) GoPro’s
third and fourth quarter 2015 guidance was inflated and
unrealistic; and (5) as a result, Defendants’ statements about
GoPro’s business, operations, and prospects were false and
misleading and/or lacked a reasonable basis. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If
you wish to serve as lead plaintiff, you must move the Court no
later than March 14, 2016. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://rosenlegal.com/cases-817.html or to discuss your
rights or interests regarding this class action, please contact
Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free
at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout
the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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