Energy News / Shareholders Foundation, Inc.

NASDAQ:ENT Long Term Investor Alert: Investigation of Potential Wrongdoing by Global Eagle Entertainment Inc

Via: ReleaseWire

Updated 10:51 AM CDT, Thu, May 10,2018

An investigation on behalf of current long term investors in Global Eagle Entertainment Inc (NASDAQ:ENT) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 05/10/2018 -- An investigation was announced for investors in shares of Global Eagle Entertainment Inc (NASDAQ:ENT) concerning potential breaches of fiduciary duties by certain directors and officers of Global Eagle Entertainment Inc.

Investors who are current long term investors in Global Eagle Entertainment Inc (NASDAQ:ENT) 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 investors in Global Eagle Entertainment Inc stocks follows a lawsuit filed against Global Eagle Entertainment Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:ENT stocks, concerns whether certain Global Eagle Entertainment directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that between November 9, 2016 and February 20, 2017, 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.

Those who purchased shares of Global Eagle Entertainment Inc (NASDAQ:ENT), 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqent-long-term-investor-alert-investigation-of-potential-wrongdoing-by-global-eagle-entertainment-inc-975788.htm

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