Chancery Court Dismisses GoPro Investors’ Stockholder Derivative Suit

As reported by Law360, the Chancery Court dismissed a derivative stockholder suit against GoPro that alleged the company’s board had failed to promptly disclose costly new product launch troubles in 2016 related to the company’s HERO5 camera line and Karma drones.

Vice Chancellor Sam Glasscock III's 43-page decision found shareholders failed to prove that GoPro’s directors were too conflicted to fairly address the claims and dismissed all claims.

GoPro was represented by Fenwick securities litigation partner Catherine Kevane and associate Marie Bafus.

The case is In re: GoPro Inc. Stockholder Derivative Litigation, case number 2018-0784, in the Court of Chancery of the State of Delaware.

The full article is available on Law360 (subscription required).​