GoPro, Inc. Shareholders Who Purchased Stock Between June 26, 2014 and January 13, 2015 Should Contact Bottini & Bottini, Inc. for Information About a Possible Claim for Money Damages as a Result of Possible Securities Violations
SAN DIEGO, Oct. 12, 2015 /PRNewswire/ -- BOTTINI & BOTTINI, INC. (http://www.bottinilaw.com) today announced an investigation on behalf of individuals and institutional investors who purchased GoPro, Inc. (NASDAQ: GPRO) stock between June 26, 2014 and January 13, 2015. The investigation focuses on whether GoPro, its underwriters, and certain of its officers violated the federal securities laws by issuing false or misleading statements in — or omitting material information from — the registration statement issued in connection with GoPro's initial public offering ("IPO") on June 26, 2014 and secondary public offering ("SPO") on November 20, 2014.
GoPro commenced the IPO on June 26, 2014, selling approximately 17.8 million shares of common stock at $24 per share. In less than a week, the price of GoPro shares rose more than 100% to $48 per share, and eventually reached $98.47 on October 7, 2014. On November 20, 2014, GoPro commenced the SPO, issuing approximately 10.3 million additional shares of common stock at $75 per share.
Bottini & Bottini's investigation focuses on whether the registration statements issued in connection with the IPO and the SPO contained false or misleading statements, or failed to disclose material information that was required to be disclosed under the federal securities laws. Specifically, the investigation focuses on whether GoPro was required and failed to disclose material information regarding competition and the likelihood of pricing pressures on the company's margins.
GoPro shareholders who purchased GoPro shares between June 26, 2014 and January 13, 2015 have important legal rights and may have a claim for damages related to the purchase of their GoPro stock.
For further information about your potential legal rights and remedies, contact Yury A. Kolesnikov, Esq. at Bottini & Bottini, Inc. by e-mailing [email protected] or calling (858) 914-2001.
CONTACT:
Yury A. Kolesnikov
Bottini & Bottini, inc.
7817 Ivanhoe Avenue, Suite 102
La Jolla, CA 92037
Tel.: (858) 914-2001
E-mail: [email protected]
SOURCE Bottini & Bottini, Inc.
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