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.

On October 10, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on December 10. Defendants filed a Motion to Dismiss the amended Complaint on February 8, 2019. On October 16, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

On December 20, 2019, Lead Plaintiff filed a second amended Complaint. Lead Plaintiff filed a third amended Complaint on July 22, 2020. Defendants filed a Motion to Dismiss the third amended Complaint on September 21. On April 26, 2021, the Court issued an Order Denying Defendants' Motion to Dismiss.

The parties entered into a Stipulation and Agreement of Settlement on April 12, 2022. On May 3, the Court granted preliminary approval of the Settlement. On August 31, the Court granted final approval of the Settlement and entered Final Judgment. On October 13, the Court issued an Order awarding Attorneys' Fees and Expenses.