GPRO SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class Action Involving GoPro, ...
January 09 2017 - 11:44AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170109006129/en/
The Law Offices of Vincent WongVincent Wong, Esq.Tel.
212.425.1140Fax. 866.699.3880vw@wongesq.com
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