GoPro, Execs To Pay Nearly $6.8M To Settle Investor’s Stock-Drop Claims

Mealey's (March 11, 2019, 5:51 PM EDT) -- SAN FRANCISCO — GoPro Inc. and certain of its senior executives will pay $6.75 million to settle claims that they violated federal securities laws by misrepresenting to investors that the company had adequate inventory of its new cameras and quadcopter drones to be able to meet the market demand for the products in violation of federal securities laws, according to court documents filed by the lead plaintiff in the action on Feb. 14 in California federal court (Troy Larkin v. GoPro Inc., et al., No. 16-6654, N.D. Calif.)....