NEW YORK, Jan. 3, 2017 /PRNewswire/ -- The Law Offices of
Vincent Wong announce that a class
action lawsuit has been commenced in the USDC for the Northern
District of California on behalf
of investors who purchased GoPro, Inc. (NASDAQ: GPRO) securities
between September 19, 2016 and
November 4, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/gopro. There is no cost or
obligation to you.
According to the complaint, 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. To
obtain additional information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://www.wongesq.com/pslra/gopro.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY
10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong