Thieler Law Corp advises investors with losses exceeding $100,000 of the March 14, 2016 lead plaintiff deadline in a class action lawsuit filed against GoPro Inc (NASDAQ: GPRO) (“GoPro” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased GoPro Inc securities between July 21, 2015 and January 13, 2016, have until March 14, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased GoPro Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that GoPro Inc was experiencing weak sales of its HERO line of cameras; GoPro Inc was experiencing weak HERO4 Session sales at the time the third Quarter guidance was disclosed; GoPro’s Inc third quarter 2015 guidance was based on the assumption that GoPro Inc would be able to sell a significant additional amount of HERO4 Session cameras; GoPro Inc's third and fourth quarter 2015 guidance was inflated and unrealistic; and as a result, the Company's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On October 28, 2015, the Company disclosed unsatisfactory third quarter 2015 results, with revenue declining below market expectations. GoPro’s CEO, Mr. Woodman, stated that the HERO4 Session camera suffered from weak sales.

On this news, GoPro shares declined more than 15%, on October 29, 2015.

On January 13, 2016, GoPro Inc announced its fourth quarter 2015 preliminary results. GoPro Inc said that it expects revenue to be approximately $435 million for the fourth quarter of 2015, far below what GoPro anticipated.

On this news, GoPro shares declined 27.9%, during after-hours trading on January 13, 2016.

If you were negatively impacted by your investment in GoPro Inc securities between July 21, 2015 and January 13, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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