NEW YORK, Nov. 11, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of GoPro, Inc. ("GoPro" or the "Company") (NASDAQ: GPRO) (ISIN: US38268T1034). Investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether GoPro and certain of its officers and/or directors have violated the federal securities laws.
On November 4, 2016, GoPro announced disappointing third-quarter 2016 financial results. On this news, the Company's stock fell $0.78, or 6.53%, to close at $11.16 on November 4, 2016. On November 8, 2016, GoPro announced a recall of all of the Company's Karma drones, due to instances of "units los[ing] power during operation."
On this news, GoPro stock fell $0.45, or 4.14%, to close at $10.41 on November 9, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP