Gogo Inc. Securities Litigation

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Lawsuit Overview

Defendant:Gogo Inc.
Date Filed:June 27th, 2018
Sector:Consumer Services
Industry:Telecommunications Equipment
Class Start Date:February 27th, 2017
Class End Date:May 4th, 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.

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First Identified Complaint

Ashley Pierrelouis, et al. v. Gogo Inc., et al.

Date Filed:June 27th, 2018
Class Period Start:February 27th, 2017
Class Period End:May 7th, 2018
First Identified Complaint Filings
#Document TitleFiling Date