BENSALEM, Pa.--(BUSINESS WIRE)--
Law Offices of Howard G. Smith announces an investigation on behalf of investors of GoPro, Inc. (“GoPro” or the “Company”) (NASDAQ: GPRO) concerning the Company and its officers’ possible violations of federal securities laws.
GoPro develops and sells mountable and wearable cameras, and accessories in the United States and internationally.
On November 8, 2016, after market close, GoPro announced that it was recalling all of its Karma drones. According to the Company, the drones were recalled due to instances where “units lost power during operation.” The Karma drones had only just been released on October 23, 2016 and the Company expressed hope that they would be a popular seller during the Holiday shopping season. Notably, the Company also announced disappointing third-quarter 2016 financial results on November 4, 2016.
On this news, shares of GoPro were down as much as 10% during intra-day trading on November 9, 2016.
If you purchased GoPro securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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