Notice is hereby given that a securities fraud class action lawsuit has been filed on behalf of those who purchased or otherwise acquired Gogo Inc. ("Gogo") (Nasdaq: GOGO) securities between February 27, 2017 and May 7, 2018, inclusive (the "Class Period").
The complaint alleges that during the Class Period, the 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.