STEVENSON, Md., Jan. 25, 2018 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the
Northern District of California on behalf of purchasers of GoPro, Inc. (Nasdaq:GPRO) (“GoPro” or the “Company”) securities
during the period between November 2, 2017 and January 5, 2018, inclusive (the “Class Period”). Investors who wish
to become proactively involved in the litigation have until March 12, 2018 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and
be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including
whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in GoPro securities during the Class Period. Members of the class will be
represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above
action.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that the market prospects for Karma, a remote controlled drone, were
untenable due to margin challenges in an extremely competitive aerial market and a hostile regulatory environment in Europe and the
United States.
According to the complaint, following a January 8, 2018 press release announcing that the Company was reducing
its workforce by 20% and exiting the aerial market, the value of GoPro shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in GoPro securities purchased on or after
November 2, 2017 and held through the revelation of negative information during and/or at the end of the Class Period and
would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you,
please contact Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and
have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower
Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at
this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
