GoPro Inc (NASDAQ:GPRO) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

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September 4, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of GoPro Inc (NASDAQ:GPRO) shares was announced over potential breaches of fiduciary duties by certain officers and directors at GoPro Inc.

The investigation by a law firm concerns whether certain GoPro officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
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. In November 2014, GoPro commenced the SPO and issued approximately 10.3 million additional shares of common stock at $75 per share. These two offerings collectively sold over 28 million shares of GoPro common stock to the public, raising more than $1 billion in gross proceeds.

GoPro Inc reported that its annual Total Revenue rose from $234.24 million in 2011 to over $1.39 billion in 2014 and that its Net Income grew from $24.61 million in 2011 to $128.09 million in 2014.

Shares of GoPro Inc (NASDAQ:GPRO) grew from 37.95 per share in March 2015 to as high as $64.74 per share in August 2015.

Since then NASDAQ:GPRO shares declined to as low as $39.18 per share on September 2, 2015.