GOGO 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Gogo Inc. - GOGO
Aug. 27, 2018
NEW ORLEANS--(BUSINESS WIRE)--Aug 26, 2018--ClaimsFiler, a FREE shareholder information service, reminds investors 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.
Gogo investors should visit us at https://www.claimsfiler.com/cases/view-gogo-inc-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
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.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180826005014/en/
Jerry Gallo, 844-367-9658
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
Copyright Business Wire 2018.
PUB: 08/26/2018 10:50 PM/DISC: 08/26/2018 10:50 PM