INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of GoPro, Inc. of Commencement of a Class Action Lawsuit & a Lead ...
December 27 2016 - 12:38PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of GoPro, Inc. (“GoPro”)
(NASDAQ:GPRO) between September 19,
2016 and November 4, 2016. You are hereby
notified that a securities class action lawsuit has been
commenced in the USDC for the Northern District of California. To
get more information go to:
http://www.zlk.com/pslra/gpro-litigation
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that during the Class Period, GoPro made
false and misleading statements and/or failed to disclose that: (i)
GoPro’s Karma drones were prone to losing power midflight, causing
them to fall out of the sky; (ii) the Company had thus
significantly overstated the utility of, and likely customer demand
for, the Karma drone; (iii) the foregoing issue, when publicly
known, would necessitate a costly recall of the Company’s Karma
drones; and (iv) as a result, GoPro’s public statements were
materially false and misleading at all relevant times.
On November 3, 2016, GoPro announced it would decrease revenue
guidance for 2016 from a range of $1.35 billion-$1.5 billion to a
range of $1.25 billion-$1.3 billion. Then on November 8, 2016,
GoPro announced a recall of approximately 2,500 Karma drones.
If you suffered a loss in GoPro you have until
January 17, 2017 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn’t require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation involving financial
fraud, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20161227005211/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq., 212-363-7500Toll
Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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