Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of GoPro, Inc.

NEW YORK, Oct. 3, 2014 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of GoPro,  Inc. ("GoPro" or the "Company") (NasdaqGS: GPRO -News).  Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.

The investigation focuses on possible breaches of fiduciary duty by certain insiders to avoid lock-up restrictions associated with the Company's recent IPO.

On October 2, 2014 GoPro Founders Nicholas and Jill Woodman announced that on the following day they planned to "gift" approximately 5.8 million shares from their stake in GoPro to the Nicholas + Jill Woodman Foundation, a charitable organization. The Woodmans reached a deal with JPMorgan, the lead book-running manager of GoPro's June 2014 Initial Public Offering, to release the charitable organization from the lock-up arrangement effective Friday. Regulatory filings prior to GoPro's IPO state that the lock-up restriction provides that major shareholders (like the Woodmans) can only transfer shares under particular circumstances—including the making of a "bona fide gift." However, any recipient of the gifted shares must be "bound by the terms of the lock-up agreement."

If you are aware of any facts relating to this investigation, or purchased shares of GoPro, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected].  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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