On or around 08/17/2018 (Ongoing date of last review)
Filing Date: January 09, 2018
According to the Complaint, 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.
On November 1, 2017, during aftermarket hours, GoPro held a conference call with investors and analysts to discuss its financial results for the period ended September 30, 2017. The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) 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; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On April 20, 2018, the Court issued an Order conditionally appointing Co-Lead Plaintiffs and Counsel. Final approval of the Co-Lead Plaintiffs was granted on April 26. On May 8, one of the Plaintiffs voluntarily dismissed this case. Plaintiffs filed a consolidated amended Complaint on June 18.
Company & Securities Information
Defendant: GoPro, Inc.
Sector: Consumer Non-Cyclical
Industry: Personal & Household Products
Headquarters: United States
Ticker Symbol: GPRO
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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