Case Summary
Company Name: GoPro
Stock Symbol : NASDAQ: GPRO
Class Period Start: 08/04/2017
Class Period End: 01/05/2018
Lead Plaintiff motion: 03/12/2018
Date Filed: 01/09/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of California

Thieler Law Corp advises investors with losses exceeding $100,000 of the March 12, 2018 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 August 4, 2017 and January 5, 2018, have until March 12, 2018 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 . 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 the market prospects for Karma were untenable due to margin challenges in an extremely competitive aerial market and a hostile regulatory environment in Europe and the United States; and as a result, Defendants' public statements were materially false and misleading at all relevant times.

On January 2018, 2018, the Company revealed that GoPro will reduce its global workforce by 20% and is exiting the drone market “after selling its remaining Karma inventory.”

Following this news, NASDAQ: GPRO dropped $0.96 per share or over 12% from its previous closing price to close at $6.56 per share on January 8, 2018

If you were negatively impacted by your investment in GoPro Inc securities between August 4, 2017 and January 5, 2018 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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