Energy News / Shareholders Foundation, Inc.

NASDAQ: GOGO Shareholder Alert: Investigation over Potential Wrongdoing by Certain Directors of Gogo Inc

Via: ReleaseWire

Updated 11:00 AM CDT, Tue, October 30,2018

An investigation on behalf of investors in Gogo Inc. (NASDAQ: GOGO) shares over potential wrongdoing at Gogo Inc. (NASDAQ: GOGO) was announced.

San Diego, CA -- (SBWIRE) -- 10/30/2018 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Gogo Inc.

Investors who purchased shares of Gogo Inc. (NASDAQ: GOGO) and currently hold any of those 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 concerns whether certain Gogo Inc. (NASDAQ: GOGO officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On June 27, 2018 a lawsuit was filed against Gogo Inc. (NASDAQ: GOGO) over alleged securities laws violations. The plaintiff claims that between February 27, 2017 and May 7, 2018, 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

About Shareholders Foundation, Inc.
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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-gogo-shareholder-alert-investigation-potential-wrongdoing-certain-1075799.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com