GOPRO SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess ...
November 18 2016 - 10:07PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until January 17, 2017 to file lead
plaintiff applications in a securities class action lawsuit against
GoPro, Inc. (NasdaqGS: GPRO), if they purchased the Company’s
securities between September 19, 2016 through November 4, 2016,
inclusive (the “Class Period”). This action is pending in the
United States District Court for the Northern District of
California.
What You May Do
If you purchased shares of GoPro and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by January 17, 2017.
About the Lawsuit
GoPro and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) GoPro’s Karma drones
were prone to losing power midflight, causing them to fall out of
the sky; (ii) GoPro therefore significantly overstated the
utility of and likely customer demand for its Karma drone; (iii)
once publicly known, this issue would require a costly recall of
GoPro’s Karma drones; and (iv) as a result, GoPro’s public
statements were materially false and misleading at all relevant
times.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161118005795/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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