SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
78
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gogo Inc. - GOGO

NEW YORK, July 18, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Gogo Inc. (“Gogo” or the “Company”) (NASDAQ: GOGO ) Investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Gogo and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

[Click here to join a class action]

On May 4, 2018, Gogo held a conference call to discuss its financial and operating results for the first quarter of 2018.  During the call, Gogo’s Chief Executive Officer Oakleigh Thorne disclosed the impact of installation and remediation challenges associated with aircraft deicing fluids infiltrating the Company’s 2Ku antenna systems.  Gogo stated that “[a]djusted EBITDA is expected to be below the previously provided range of $75 million to $100 million due to increased costs and lost revenue” related to the foregoing issues.  On this news, Gogo’s share price fell $1.73, or over 18%, over the next two trading days, closing at $7.87 on May 7, 2018.  On May 7, 2018, post-market, Moody’s Investors Service downgraded Gogo’s credit rating.  On this news, Gogo’s share price fell an additional $2.81, or 35.66%, to close at $5.06 on May 8, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com .

CONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com

 

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Innventure Faces Major Lawsuit Amidst Market Turmoil

Updated Category News Views 0

The Plot Thickens with Innventure's DarkNX Project Buckle up, fellow market sling-riders; the Innventure tale is a rocky one for the books. Imagine this: You’ve plunked down your hard-earned cash on Innventure Inc. (NASDAQ: INV), lured by their glowing pronouncements about a supposed golden egg project, the Accelsius DarkNX data-center deal. A big talk about...

Continue Reading
Jollibee and DreamWorks Unite for Cultural Celebration

Updated Category News Views 4

Jollibee Partners with DreamWorks Animation Never thought I’d see the day: Jollibee, that familiar face of fast food, teaming up with the creative juggernaut DreamWorks Animation. They’re calling it a celebration of friendship and Filipino culture, wrapped up neatly in the context of a flick called Forgotten Island. Set to sizzle in theaters on September 25, 2026,...

Continue Reading
Austin PostalAnnex Changes Hands After 19 Years

Updated Category News Views 3

A Seamless Transition in Austin's PostalAnnex Legacy You know when a business digs its roots deep, becoming more than just a place but a part of the community fabric? That's what’s playing out at the PostalAnnex on W Parmer Lane, Austin. After nearly two decades, this battered yet steadfast hub of office and shipping services is swapping hands, all in the name of...

Continue Reading
Alif Semiconductor Unveils StartKit for Edge AI MCU Fam

Updated Category News Views 1

Here's some clarity amidst the storm of buzzwords: Alif Semiconductor has rolled out something the market's been howling for—Edge AI that doesn't break the bank. It's less about slick press releases and more about real-world implications. We're talking accessibility with their dirt-cheap, small-form-factor StartKit platform for Ensemble and Balletto microcontrollers....

Continue Reading
Spot the Signs: Early Gum Disease Insights from Experts

Updated Category News Views 2

Why Early Detection of Gum Disease Matters Let's dive right into the crux of things. Gum disease, that sneaky antagonist of oral health, starts unassumingly. You brush, you floss, but those gums might still bleed—ever noticed? Dr. Marian Burgard of Fairport Family Dental has a thing or two to say about this, enlightening us through an insightful piece by HelloNation....

Continue Reading
Muscle Car Fever Revs Up in New Global TV Series

Updated Category News Views 1

Chasing the Dream on Wheels Amid the buzz of New York, there's a roar building up that's hard to ignore. It's a sound that echoes through time, capturing the imagination of petrol heads everywhere—those legendary American muscle cars are back in the limelight. I mean, who hasn't dreamt of launching down a highway in a '69 Ford Mustang? 'The Hunt for Rolling Treasure' is...

Continue Reading
India's First Upright Proton Therapy System Unveiled

Updated Category News Views 4

A Leap Forward in Cancer Care: Proton Therapy Revolution Dang, just when you think you've heard it all in cancer treatment, Fortis Healthcare drops a bombshell: India’s first upright proton therapy system. Boom! This isn't your run-of-the-mill radiation treatment we're talking about here. This is the futuristic flair of the MEVION S250-FIT™, featuring upright...

Continue Reading
Drunk Angel Celebrates First Year in Crystal Jewelry

Updated Category News Views 2

One Year Down, A Unique Path Forward It's been a year since Drunk Angel jumped into the online jewelry scene, and they're setting themselves apart in their own glittery lane. Imagine starting a brand that's not just about pretty trinkets, but about linking those tiny treasures to timeless traditions. They've got their sights set on blending the deep tales of gemstones...

Continue Reading
BrightPlan's AI-Powered Growth: Series C Fuel

Updated Category News Views 5

Series C Funding Ignites BrightPlan's Ambitions Ever seen a company that's ready to roll with the punches and come out stronger? That's BrightPlan for you. They're pushing the boundaries again, bagging new capital in this Series C round, steered by the seasoned folks over at ABS Capital Partners. Now, here's the thing: We're talking about a 230% revenue surge over just...

Continue Reading
Mandeville Pests: Health Dangers Lurking at Home

Updated Category News Views 1

Pest Trouble Brewing in Mandeville: A Health Alert There’s a storm brewing in Mandeville, Louisiana, and it's not the kind you can see rolling in on the horizon. We're talking about those sneaky pests going unnoticed in our homes. Folks, these pests aren't just a nuisance; they're ticking time bombs for public health. Take it from J&J Exterminating, who know a thing or...

Continue Reading
://investorshangout.com/blog/news?page=2">More News Articles

Top 5 Most Recently Viewed Articles

Columbus A/S Weekly Share Buyback Report Highlights

Updated Category News Views 142

Overview of Columbus A/S's Share Buyback Program Columbus A/S has recently released an update regarding its ongoing share buyback program. As outlined in its latest communications, the company plans to repurchase shares totaling up to DKK 16 million from June 30, 2025, to March 11, 2026. This initiative is crucial in enhancing shareholder value and demonstrating...

Continue Reading
Asteres Reaches 1,000 ScriptCenter® Units Milestone

Updated Category News Views 200

Asteres Reaches Significant Milestone with ScriptCenter® Asteres, a pioneer in automated pharmacy solutions, proudly announces the installation of 1,000 ScriptCenter® units across 38 U.S. states. This remarkable achievement showcases Asteres' commitment to improving access to pharmacy services and enhancing patient convenience. Revolutionizing Prescription Pickup The...

Continue Reading
RareMed's Remarkable Growth Journey to Industry Leader Status

Updated Category News Views 145

RareMed's Remarkable Growth Journey RareMed, a leader in patient support and access solutions for complex therapies, has achieved incredible success that has captivated the attention of the Pittsburgh business community. Recently recognized by the Pittsburgh Business Times as the Fastest Growing Company in the city, RareMed's journey is not just about rapid...

Continue Reading
India Emerges as Leading Emerging Market: Implications Ahead

Updated Category News Views 192

India's Rise in the Emerging Markets Landscape India has recently taken the lead as the largest player in the MSCI Emerging Markets (EM) Investable Market Index (IMI), surpassing China. This significant development prompts an important question: is this a positive change or a cause for concern for Indian equities? Increased Foreign Interest With India gaining a larger...

Continue Reading
Colombia Stock Market Update: COLCAP Declines Amid Sector Losses

Updated Category News Views 54

COLCAP Index Declines at Market Close On Tuesday, the Colombian stock market faced a downturn, with the COLCAP index dropping by 0.54%. This decrease was largely attributed to significant losses in key sectors, especially Financials, Investment, and Public Services. Overall, the market's performance suggested a tough day for investors as many shares retreated. Top...

Continue Reading