BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming March 14, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased GoPro, Inc. (“GoPro” or the “Company”) (NASDAQ: GPRO) securities between November 26, 2014 and January 13, 2016, inclusive (the “Class Period”). GoPro investors that lost more than $200,000 on their GoPro investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights.
The Complaint alleges that Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) GoPro was unable to develop and/or bring to market a drone product to house its cameras; (2) GoPro was experiencing weak sales of its HERO line of cameras; (3) GoPro was experiencing weak HERO4 Session sales at the time the third Quarter guidance was announced; (4) GoPro’s third quarter 2015 guidance was based on the assumption that GoPro would be able to sell a significant additional amount of HERO4 Session cameras; (5) GoPro’s third and fourth quarter 2015 guidance was inflated and unrealistic; (6) despite dismal sales of the HERO4 Session, GoPro had not accelerated development of its drone product to make it available for sale during the 2015 Christmas season and (7) a 2016 first half launch of a drone product was not likely to be successful. As a result of the above, Defendants’ statements about GoPro’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
If you purchased GoPro shares, you may move the Court no later than March 14, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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