On or around 06/28/2018 (Ongoing date of last review)
Filing Date: June 27, 2018
According to the Complaint, Gogo Inc. ("Gogo" or the "Company"), through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Gogo’s 2Ku antenna had more reliability issues than the public was led to believe; (2) 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; (3) consequently, Gogo would not be able to meet its previously issued 2018 guidance; and (4) as a result, the company’s financial statements were materially false and misleading at all relevant times.
Company & Securities Information
Defendant: Gogo Inc.
Industry: Communications Services
Headquarters: United States
Ticker Symbol: GOGO
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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