INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against GoPro, Inc. & Encourages Investors with Los...
November 17 2016 - 7:53PM
Business Wire
Goldberg Law PC, a national shareholder rights litigation firm,
announces a class action lawsuit has been filed against GoPro, Inc.
(“GoPro” or the “Company”) (Nasdaq: GPRO). Investors who purchased
or otherwise acquired shares between September 19, 2016 and
November 4, 2016 inclusive (the “Class Period”) are encouraged to
contact the firm in advance of the January
17, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we encourage
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The complaint alleges that during the Class Period, 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 news was announced, shares of GoPro fell in value,
causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161117006481/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
GoPro (NASDAQ:GPRO)
Historical Stock Chart
From Jun 2024 to Jul 2024
GoPro (NASDAQ:GPRO)
Historical Stock Chart
From Jul 2023 to Jul 2024