0
Broadband

Gogo shareholders start class action suit, alleging misleading statements around performance

Tuesday 17 July 2018 | 10:19 CET | News
A number of Gogo shareholders have started a class action suit against the company, saying the company made false and misleading statements from 4 February 2016 to 27 July 2017 about its performance. Investors said they bought shares at artificially inflated prices and suffered "significant" losses when the company withdrew its adjusted EBITDA guidance in May, sending share prices sharply down.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Gogo
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Gogo raises FY EBITDA guidance after Q1 at high-end of expectations.

Published 09 May 2019 15:29 CET | World
In-flight connectivity provider Gogo has raised its adjusted EBITDA outlook for the full year to USD 90-105 million, from its ...

Gogo TV live on 3 airlines

Published 25 Sep 2018 17:59 CET | World
Gogo said its IPTV product, Gogo TV, is now active on three global airlines, delivering live TV to more than 550 aircraft. Gogo ...

Gogo reduces losses, capex in Q2 as revenue grows 32%

Published 08 Aug 2018 13:13 CET | United States
Gogo reported an improvement in second-quarter results, while maintaining its full-year outlook issued in a profit warning in ...

Gogo lowers EBITDA guidance, mulls company split in new strategic plan

Published 13 Jul 2018 09:32 CET | World
Gogo said it has started a new business plan with the aim of improving the company's operational and financial performance. The ...

Gogo revenues up 40% in December quarter to USD 232 mln

Published 07 May 2018 06:16 CET | World
Gogo reported consolidated revenues for the quarter to 31 December up 40 percent from Q1 2017 to USD 231.8 million. Service ...





Calendar   /   Industry Events

18 Nov MEF19
19 Nov Connected Germany
20 Nov Avaya fiscal Q4
20 Nov Inmarsat Q3 2019
20 Nov Netgear analysts meeting
20 Nov Poly investors day
20 Nov Line developer day
20 Nov Sigfox Connect 2019
20 Nov NexTV Series Central Europe
21 Nov Ooma fiscal Q3
21 Nov A3 results for Q3
22 Nov FCC meeting
25 Nov Palo Alto fiscal Q1
25 Nov MTS Investor Day
26 Nov Partner Communications Q3 2019
26 Nov Analog Devices fiscal Q4
26 Nov Marvell Technology fiscal Q3
26 Nov Tech Data fiscal Q3
26 Nov Dell Technologies fiscal Q3
26 Nov VMware fiscal Q3
26 Nov Telekom Malaysia Q3 2019
27 Nov Cellcom Q3 2019
::: More Calendar Items