An investigation on behalf of current long term investors in Gogo Inc. (NASDAQ: GOGO) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/25/2018 -- An investigation was announced for long-term investors in shares of Gogo Inc. (NASDAQ: GOGO) concerning potential breaches of fiduciary duties by certain directors.
Investors who are current long term investors in Gogo Inc. (NASDAQ: GOGO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current investors in Gogo Inc. (NASDAQ: GOGO stocks follows a lawsuit filed recently against Gogo Inc. (NASDAQ: GOGO over alleged securities laws violations. The investigation on behalf of current long term investors in Gogo Inc. (NASDAQ: GOGO stocks, concerns whether certain Gogo Inc. (NASDAQ: GOGO officers and directors are liable in connection with the allegations made in that lawsuit.
Theplaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Gogo's 2Ku antenna had more reliability issues than the public was led to believe, that Gogo's 2Ku antennas required costly installation and remediation challenges or required replacement due to deicing fluids from planes infiltrating the 2Ku system as well as manufacturing and software issues, that consequently, Gogo would not be able to meet its previously issued 2018 guidance, and that as a result, the company's financial statements were materially false and misleading at all relevant times.
Those who purchased shares of Gogo Inc. (NASDAQ: GOGO) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.