LA JOLLA, Calif., April 27, 2018 /PRNewswire/ -- Bottini &
Bottini, Inc.
SUPERIOR COURT OF THE STATE OF CALIFORNIA
COUNTY OF SAN MATEO
IN RE GOPRO, INC.
SHAREHOLDER
LITIGATION
|
Lead Case No.:
CIV537077
SUMMARY NOTICE
OF PROPOSED
SETTLEMENT OF CLASS
ACTION
|
YOU ARE HEREBY NOTIFIED that a hearing will be held on
July 27, 2018 at 2:00
p.m., before the Honorable Marie S. Weiner, Superior Court of
California, County of San Mateo,
at the San Mateo County
Courthouse, Dep't 2, 400 County Center, Redwood City, California 94063, to determine
whether: (1) the proposed settlement (the "Settlement") of the
above-captioned action ("Action") for $5,000,000 in cash should be approved by the
Court as fair, reasonable, and adequate; (2) the Final Judgment as
provided under the Stipulation and Agreement of Settlement
("Stipulation") should be entered, dismissing the Amended Class
Action Complaint filed in the Action on the merits and with
prejudice; (3) the release by the Class of the Released Claims, as
set forth in the Stipulation, should be provided to the Released
Defendants' Parties; (4) to award Plaintiffs' Counsel attorneys'
fees and expenses out of the Settlement Fund (as defined in the
Notice of Proposed Settlement of Class Action (the "Notice"),
referenced below); (5) to grant Plaintiffs' request for a service
or incentive award out of the Settlement Fund in connection with
their role in prosecuting this action on behalf of the Class; and
(6) the Plan of Allocation should be approved by the
Court.
This Action is a securities class action against GoPro, certain
of its current and former officers and directors, and the
underwriters of GoPro's June 26, 2014
IPO, alleging that GoPro's Registration Statement and Prospectus,
issued in connection with the IPO, contained material omissions and
false statements relating to certain aspects of GoPro's business,
including its expenses, intellectual property, competitive risks,
products and financial results.
IF YOU PURCHASED OR ACQUIRED SHARES OF GOPRO CLASS A COMMON
STOCK (ticker symbol: "GPRO") IN THE JUNE
26, 2014 IPO, OR BETWEEN JUNE 26,
2014 AND NOVEMBER 19, 2014,
INCLUSIVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS
ACTION.
To share in the distribution of the Settlement Fund, you must
establish your rights by submitting a Proof of Claim and Release to
the address below that is postmarked on or before July 26, 2018. Your failure to
submit your Proof of Claim and Release by July 26, 2018 will subject your claim to
rejection and preclude your receiving any of the recovery in
connection with the Settlement of this Action. If you are a
Member of the Class and do not request exclusion therefrom, you
will be bound by the Settlement and any judgment and release
entered in the Action, including, but not limited to, the Final
Judgment, whether or not you submit a Proof of Claim and
Release.
If you have not received a copy of the Notice, which more fully
describes the Settlement and your rights thereunder (including your
right to object to the Settlement), or a Proof of Claim and Release
form, you may obtain these documents (as well as a copy of the
Stipulation, which contains the complete terms of the Settlement
and the definitions of all capitalized defined terms used in this
Summary Notice) online at www.GoProShareholderLitigation.com, or by
writing to:
GoPro Shareholder Litigation
Settlement
JND Legal Administration
P.O. Box 91346
Seattle, WA 98111
Telephone: 833/380-5566
Inquiries should NOT be directed to Defendants, the Court, or
the Clerk of the Court. Inquiries, other than requests for a
copy of the Notice or Proof of Claim and Release form, may be made
to Plaintiffs' Counsel:
Yury A.
Kolesnikov
Bottini & Bottini, Inc.
7817 Ivanhoe Avenue, Suite 102
La Jolla, CA 92037
Telephone: 858/914-2001
Facsimile:
858/914-2002
If you desire to be excluded from the class, you must submit
a request for exclusion postmarked by June
27, 2018, in the manner and form explained in the
notice. All members of the class who do not properly request
exclusion from the class will be bound by the settlement entered in
the action even if they do not file a timely proof of claim and
release.
If you are a class member, you have the right to object to the
settlement, the plan of allocation, the request by plaintiffs'
counsel for an award of attorneys' fees and expenses, and/or the
payment to plaintiffs for their time and expenses. Any
objections must be sent to class counsel and the court and
postmarked by June 27, 2018,
in the manner and form explained in the notice.
Dated: March
28, 2018
|
|
HON. MARIE S.
WEINER
|
|
|
SUPERIOR COURT
JUDGE
|
|
|
SAN MATEO COUNTY,
CA
|
View original
content:http://www.prnewswire.com/news-releases/all-persons-who-purchased-shares-of-gopro-inc-gopro-or-the-company-class-a-common-stock-in-gopros-june-26-2014-initial-public-offering-the-ipo-or-between-june-26-2014-and-november-19-2014-inclusive-and-who-were--300633468.html
SOURCE Bottini & Bottini, Inc.