Lawsuit for Investors in shares of Global Eagle En
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SAN DIEGO, March 07, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in California for certain purchasers of shares of Global Eagle Entertainment Inc (NASDAQ: ENT ) over alleged Securities Laws Violations by Global Eagle Entertainment Inc.
Investors, who purchased shares of Global Eagle Entertainment Inc (NASDAQ: ENT ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 21, 2017, Global Eagle Entertainment Inc announced that Dave Davis, the Company’s CEO, and Tom Severson, the Company’s CFO, had both resigned effective immediately. Global Eagle Entertainment Inc further disclosed that it would be unable to timely file its 2016 annual report, and that it would need to withdraw its guidance for 2016 financial performance.
On February 23, 2017, a lawsuit was filed against Global Eagle Entertainment Inc over alleged violations of Securities Laws. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Global Eagle Entertainment’s remediation plans to address the material weaknesses in its internal controls over financial reporting were deficient, and that as a result, Defendants’ statements about the Company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
Those who purchased Global Eagle Entertainment Inc (NASDAQ: ENT ) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
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