March 14 Deadline in Lawsuit for Investors in Shares of GoPro Inc (NASDAQ:GPRO) Announced by Shareholders Foundation
March 09 2016 - 7:46PM
The Shareholders Foundation, Inc. announces that a deadline is
coming up on March 14, 2016 in the lawsuit that was filed for
certain investors who purchased shares of GoPro Inc (NASDAQ:GPRO)
over alleged Securities Laws Violations by GoPro Inc.
Investors who have losses in excess of $500,000 from their
investment between November 26, 2014 and January 13, 2016 in shares
of GoPro Inc (NASDAQ:GPRO) have also certain options and should
contact the Shareholders Foundation at
mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that between November 26, 2014 and January
13, 2016 the defendants issued allegedly materially false and
misleading statements to investors and/or allegedly failed to
disclose that GoPro Inc was unable to develop and/or bring to
market a drone product to house its cameras, that GoPro Inc was
experiencing weak sales of its HERO line of cameras, that GoPro Inc
was experiencing weak HERO4 Session sales at the time the third
Quarter guidance was announced, that 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, that
GoPro’s third and fourth quarter 2015 guidance was inflated and
unrealistic, that despite dismal sales of the HERO4 Session, GoPro
had not accelerated development of its drone product to make it
available for sale during the 2015 Christmas season, and that a
2016 first half launch of a drone product was not likely to be
successful.
Those with losses of $500,000 or more from their investment in
shares of GoPro Inc (NASDAQ:GPRO) between November 26, 2014 and
January 13, 2016 should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and a settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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