March 14 Deadline Alert: Law Offices of Howard G. Smith Reminds GoPro, Inc. Investors of Upcoming Lead Plaintiff Deadline
March 11 2016 - 9:30AM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming March 14, 2016 deadline to file a lead
plaintiff motion in the class action filed on behalf of investors
who purchased GoPro, Inc. (“GoPro” or the “Company”) (NASDAQ: GPRO)
securities between November 26, 2014 and January 13, 2016,
inclusive (the “Class Period”). GoPro investors that lost more
than $200,000 on their GoPro investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal
rights.
The Complaint alleges that Defendants issued materially false
and misleading statements to investors and/or failed to disclose
that: (1) GoPro was unable to develop and/or bring to market a
drone product to house its cameras; (2) GoPro was experiencing weak
sales of its HERO line of cameras; (3) GoPro was experiencing weak
HERO4 Session sales at the time the third Quarter guidance was
announced; (4) 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; (5) GoPro’s third and
fourth quarter 2015 guidance was inflated and unrealistic; (6)
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 (7) a 2016 first half
launch of a drone product was not likely to be successful. As a
result of the above, Defendants’ statements about GoPro’s business,
operations, and prospects were false and misleading and/or lacked a
reasonable basis.
If you purchased GoPro shares, you may move the Court no later
than March 14, 2016 to request appointment as lead
plaintiff. To be a member of the class you need not take any action
at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160311005139/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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