Glancy Prongay & Murray LLP Commences Investigation on Behalf of GoPro, Inc. Investors
November 10 2016 - 4:05PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of GoPro, Inc. (“GoPro” or the “Company”)
(NASDAQ: GPRO) investors concerning the Company and its officers’
possible violations of federal securities laws.
GoPro develops and sells mountable and wearable cameras, and
accessories in the United States and internationally.
On November 8, 2016, after market close, GoPro announced that it
was recalling all of its Karma drones. According to the Company,
the drones were recalled due to instances where “units lost power
during operation”. The Karma drones had only just been released on
October 23, 2016 and the Company expressed hope that they would be
a popular seller during the Holiday shopping season. Notably, the
Company also announced disappointing third-quarter 2016 financial
results on November 4, 2016.
On this news, shares of GoPro were down as much as 10% during
intra-day trading on November 9, 2016.
If you purchased GoPro securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
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/20161110006518/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley
Portnoy, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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