GoPro Escapes Stock-Drop Suit Over Sales Strategies

Law360 (March 18, 2019, 5:51 PM EDT) -- A California federal judge has tossed a proposed shareholder class action against GoPro Inc. and three of its executives over alleged misstatements regarding the company’s financial health, finding that the investors failed to show the statements they highlighted were actually false.

The stockholders had accused GoPro, which produces and sells wearable and gear-mountable cameras as well as drones, of violating federal securities laws by misleading them about the market for its products and its sales strategies, which led to a 12 percent stock drop when disappointing earnings were later revealed.

U.S. District Judge Edward M. Chen on Friday dismissed the shareholders’...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!