IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against GoPro, Inc. & Encourages Invest...
November 17 2016 - 6:17PM
Business Wire
Khang & Khang LLP (the “Firm”) announces a class action
lawsuit against GoPro, Inc. (“GoPro” or the “Company”) (Nasdaq:
GPRO). Investors who purchased or otherwise acquired GoPro shares
between September 19, 2016 and November 4, 2016 inclusive (the
“Class Period”), are encouraged to contact the Firm by the
January 17, 2017 lead plaintiff motion deadline.
If you purchased shares of GoPro during the Class Period, please
contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von
Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
The complaint alleges that GoPro made false and misleading
statements to investors and/or failed to disclose: that the
Company’s Karma drones were prone to losing power midflight,
causing them to fall out of the sky; that GoPro overstated the
utility and likely customer demand for the Karma drone; that there
would likely be a costly recall of GoPro’s Karma drones when it is
publicly known; and that as a result of the above, GoPro’s public
statements were materially false and misleading at all relevant
times. On November 8, 2016, the Company announced a recall of all
of its Karma drones, due to instances where “units lost power
during operation.” GoPro also announced disappointing third-quarter
2016 financial results on November 4, 2016. When this information
was disclosed, shares of GoPro declined in value, causing investors
harm.
If you wish to learn more about this lawsuit, or if
you have questions concerning this notice or your rights, please
contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20161117006446/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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