SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating if GoPro, Inc. (NASDAQ: GPRO) committed securities violations. The investigation focuses on whether GoPro and its officers violated securities laws by issuing misleading information to investors related to the Company’s November 20, 2014 secondary public offering (SPO).
GoPro is a consumer electronics company primarily selling mountable and wearable cameras and related accessories designed for active or challenging physical environments.
In June 2014, GoPro commenced an IPO and issued approximately 17.8 million shares of common stock at $24 per share. In the weeks and months following, those shares shot up to trade at over $98 per share. On November 20, 2014, GoPro commenced the SPO and issued approximately 10.3 million additional shares of common stock at $75 per share. In aftermarket trading on January 13, 2016, GoPro stock plummeted more than 25% and traded as low as $10.29 per share after the Company announced disappointing fourth quarter sales.
Johnson & Weaver’s investigation seeks to determine if the offering documents filed with the SEC for the secondary offering contained untrue statements regarding GoPro’s business and prospects.
If you purchased GoPro stock on November 20, 2014, pursuant to the SPO, we encourage you to contact Johnson & Weaver. We are available to answer questions about the investigation and your legal rights and remedies. Please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
