Ohio Finance Attorney and Shareholder plaintiffs lawyer reviewing securities class actions for investors nationwide
When company management conceals information from public or private shareholders, or whose actions influence the price of a stock, shareholders may have a claim against the company to recover lost wealth. Recently, a securities class action lawsuits was filed on behalf of class of investors suing GoPro Inc. for allegedly concealing information that caused its stock to drop sharply.
In securities class actions, shareholders and plaintiffs can receive a percentage of total damages recovered in a settlement. Company management can be held liable for the loss of wealth when they are negligent in their management duties. In the GoPro case, plaintiffs alleged that the company announced new camera models and drones would be available for purchase on a certain date. However, GoPro allegedly delayed the release dates, causing shares to fall. GoPro went on to recall the Karma drones and the stock fell even more.
Securities class actions can be filed when inaccurate financial statements are released or when investors buy shares because of news and information released regarding future releases and projects and the company fails to follow through. Many investors buy shares on company expectations and GoPro’s announcements, but they turned out to be inaccurate and affected stock price.
Joe Lyon is an Ohio investment attorney and financial negligence lawyer reviewing securities class actions for investors nationwide. Plaintiffs can expect to recover losses linked to negligent management and inaccurate company announcements.
A number of American corporations have faced securities class actions in recent years following negligent actions by management and large declines in a company’s stock price. Lawsuits have been filed against the following companies:
If you believe you are a victim of financial negligence in Ohio, and have questions about the legal options available, contact The Lyon Firm at (800) 513-2403. You will speak directly with Mr. Lyon, and he will help you answer critical questions regarding securities class actions.