NEW ORLEANS, Dec. 16, 2016 /PRNewswire/ -- 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 shares 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.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC