NEW ORLEANS--(BUSINESS WIRE)--Aug 24, 2018--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until August 27, 2018 to file lead plaintiff applications in a securities class action lawsuit against Gogo Inc. (NasdaqGS: GOGO). Investor losses must relate to purchases of the Company’s securities between February 27, 2017 and May 7, 2018. This action is pending in the United States District Court for the Northern District of Illinois.
What You May Do
If you purchased securities of Gogo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( email@example.com ), or visit https://www.ksfcounsel.com/cases/nasdaqgs-gogo/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by August 27, 2018.
About the Lawsuit
On May 4, 2018, the Company disclosed disappointing quarterly earnings results including that it would be unable to meet EBITDA profit guidance of $75M-$100M, was withdrawing “its previously provided 2018 guidance for Adjusted EBITDA, airborne Cash CAPEX, and airborne equipment inventory purchases related to airline-directed installations, as well as Free Cash Flow guidance.” Then, on May 7, 2018, post-market, Moody’s announced a downgrade of the Company’s credit rating. On this news, the price of Gogo’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Kahn Swick & Foti, LLC
Copyright Business Wire 2018.
PUB: 08/24/2018 10:50 PM/DISC: 08/24/2018 10:50 PM