Energy News / Shareholders Foundation, Inc.

NASDAQ:GPRO Shareholder Notice: Investigation of Potential Wrongdoing at GoPro Inc

Via: ReleaseWire

Updated 11:30 AM CDT, Wed, October 11,2017

An investigation on behalf of current long term investors in GoPro Inc (NASDAQ:GPRO) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:GPRO stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 10/11/2017 -- An investigation was announced for current long-term investors in shares of GoPro Inc (NASDAQ:GPRO) concerning potential breaches of fiduciary duties by certain directors and officers of GoPro Inc was announced.

Investors who are current long term investors in GoPro Inc (NASDAQ:GPRO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm for investors in NASDAQ:GPRO stocks follows a lawsuit filed against GoPro over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:GPRO stocks, concerns whether certain GoPro officers and directors are liable in connection with the allegations made in that lawsuit. According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that GoPro's Karma drones were prone to losing power midflight, causing them to fall out of the sky, that the Company had thus significantly overstated the utility of and likely customer demand for the Karma drone, that the foregoing issue, when publicly known, would necessitate a costly recall of the Company's Karma drones, and that as a result, GoPro's public statements were materially false and misleading at all relevant times. On July 26, 2017, the United States District Court for the Northern District of California issued an order denying the motion to dismiss securities fraud class action claims against GoPro and certain of its executives.

Those who purchased shares of GoPro Inc (NASDAQ:GPRO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqgpro-shareholder-notice-investigation-of-potential-wrongdoing-at-gopro-inc-875726.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com