SAN DIEGO, March 01, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on March 14, 2016 in the lawsuit that was filed for certain investors who purchased shares of GoPro Inc (NASDAQ:GPRO) over alleged Securities Laws Violations by GoPro Inc.
Investors who have losses in excess of $500,000 from their investment between November 26, 2014 and January 13, 2016 in shares of GoPro Inc (NASDAQ:GPRO) have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that between November 26, 2014 and January 13, 2016 the defendants issued allegedly materially false and misleading statements to investors and/or allegedly failed to disclose that GoPro Inc was unable to develop and/or bring to market a drone product to house its cameras, that GoPro Inc was experiencing weak sales of its HERO line of cameras, that GoPro Inc was experiencing weak HERO4 Session sales at the time the third Quarter guidance was announced, that 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, that GoPro’s third and fourth quarter 2015 guidance was inflated and unrealistic, that 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 that a 2016 first half launch of a drone product was not likely to be successful.
Those with losses of $500,000 or more from their investment in shares of GoPro Inc (NASDAQ:GPRO) between November 26, 2014 and January 13, 2016 should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.