Company name GoPro, Inc.
Stock symbol GPRO
Class period August 4, 2017 – January 5, 2018
Lead plaintiff deadline March 12, 2018
Court Northern District of California
Status Under Investigation

NEW YORK, January 11, 2018 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired GoPro, Inc. (NASDAQ: GPRO) securities between August 4, 2017 and January 5, 2018 (the “Class Period”).  Investors have until March 12, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

GoPro develops and sells mountable and wearable cameras, and accessories in the United States and internationally. GoPro’s product offerings include, Karma, a premium remote controlled drone that retails for $799.

The lawsuit alleges that Defendants 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. On January 8, 2018, during pre-market hours, GoPro issued a press release titled, “GoPro Announces Preliminary Fourth Quarter 2017 Results,” announcing that its reducing its global workforce by 20% and is exiting the aerial market “after selling its remaining Karma inventory.” On this news, shares of GoPro fell from $7.52 per share to close at $6.56 per share on January 8, 2018 (a decline of $0.96).

If you purchased or otherwise acquired Mazor Robotics securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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The submission of this form does not create an attorney-client relationship, nor any obligation on the part of Bragar Eagel & Squire, P.C., or you to file a legal action. Any information you submit will be maintained as confidential. If Bragar Eagel & Squire, P.C., in its sole discretion, believes that you might be an appropriate class representative, Bragar Eagel & Squire, P.C., will contact you to discuss the matter and to determine whether to establish an attorney client relationship.