Hyundai to Acquire SoftBank’s Remaining Boston Dynamics Stake for $325 Million 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Trump Administration Delays DeepSeek and CXMT Trade Blacklist Designations Amid U.S.-China Tensions 
Ukrainian Drone Makers Target Japan and Asia Defense Market 
HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Trump Says Anthropic No Longer Seen as National Security Threat 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
Qantas Unveils Wellness-Focused Nonstop Sydney-London Flights to Reduce Jet Lag 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
TD Bank Expands Employee Monitoring Software to Boost Productivity Amid Privacy Concerns 
 - EconoTimes)
NEW YORK, Jan. 15, 2016 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against GoPro, Inc. (“GoPro” or the “Company”) (Nasdaq:GPRO) in the United District Court for the Northern District of California on behalf of a class consisting of all persons or entities who purchased GoPro securities between July 21, 2015 through January 13, 2016, inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).
The Complaint alleges that Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) GoPro was experiencing weak sales of its HERO line of cameras; (2) GoPro was experiencing weak HERO4 Session sales at the time the third Quarter guidance was announced; (3) GoPro’s third quarter 2015 guidance was based on the assumption that GoPro would be able to sell a significant additional amount of HERO4 Session cameras; (4) GoPro’s third and fourth quarter 2015 guidance was inflated and unrealistic; and (5) as a result, Defendants’ statements about GoPro’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you wish to serve as lead plaintiff, you must move the Court no later than March 14, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected].
Please visit our website at http://www.gme-law.com for more information about the firm.
