Trian Drops Wendy’s Take-Private Bid Plans, Shares Plunge 14% 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
SK Biopharmaceuticals Secures Global Rights to Biohaven Epilepsy Drug Opakalim 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
Mercer International Stock Surges 45% on C$20 Million Canada Funding 
Itochu Offers $1.56 Billion to Privatize Dentsu Soken 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
Jefferies Names AMEC Top China Semiconductor Equipment Pick 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
GM Plans C$1.1 Billion Canada Investment Amid U.S. Tariff Pressure 
Meta, U.S. States Discuss Settlement in Teen Addiction Trial 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
Toyota Global Sales Fall as China Demand Slumps 
Add as a preferred source on Google
NEW YORK, Nov. 21, 2016 -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased GoPro, Inc. (NASDAQ:GPRO) securities between September 19, 2016 and November 4, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/gopro. There is no cost or obligation to you.
According to the complaint, during the Class Period, GoPro made false and misleading statements and/or failed to disclose that: (i) GoPro’s Karma drones were prone to losing power midflight, causing them to fall out of the sky; (ii) the Company had thus significantly overstated the utility of, and likely customer demand for, the Karma drone; (iii) the foregoing issue, when publicly known, would necessitate a costly recall of the Company’s Karma drones; and (iv) as a result, GoPro’s public statements were materially false and misleading at all relevant times.
On November 3, 2016, GoPro announced it would decrease revenue guidance for 2016 from a range of $1.35 billion-$1.5 billion to a range of $1.25 billion-$1.3 billion. Then on November 8, 2016, GoPro announced a recall of approximately 2,500 Karma drones.
If you suffered a loss in GoPro you have until January 17, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/gopro.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
