NEW YORK, March 11, 2016 /PRNewswire/ -- 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 November 26, 2014 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 November 26, 2014 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.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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