A Deadline is coming up on April 24, 2017 in the lawsuit for investors in Global Eagle Entertainment Inc (NASDAQ:ENT) and NASDAQ:ENT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/17/2017 -- The Shareholders Foundation announces that a deadline is coming up on April 24, 2017 in the lawsuit filed for investors of Global Eagle Entertainment Inc (NASDAQ:ENT) over alleged securities laws violations by Global Eagle Entertainment Inc.
Investors who purchased shares of Global Eagle Entertainment Inc (NASDAQ:ENT) have certain options and there are strict and short deadlines running. Deadline: April 24, 2017. NASDAQ:ENT stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of certain purchasers of Global Eagle Entertainment Inc (NASDAQ:ENT) that the defendants made false and/or misleading statements and/or failed to disclose that Global Eagle Entertainment's remediation plans to address the material weaknesses in its internal controls over financial reporting were deficient, and that as a result, Defendants' statements about the Company's business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
On February 21, 2017, Global Eagle Entertainment Inc announced that Dave Davis, the Company's CEO, and Tom Severson, the Company's CFO, had both resigned effective immediately. Global Eagle Entertainment Inc further disclosed that it would be unable to timely file its 2016 annual report, and that it would need to withdraw its guidance for 2016 financial performance.
On April 13, 2017, NASDAQ:ENT shares closed at $3.03 per share.
Those who purchased shares of Global Eagle Entertainment Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego