SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Gogo Inc. (GOGO)
NEW YORK, June 26, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Gogo, Inc. ("Gogo" or the "Company") (NASDAQ: GOGO). Investors who purchased Gogo common stock between February 27, 2017 and May 8, 2018 are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/gogo.
The investigation concerns whether Gogo and certain of its officers and/or directors have violated federal securities laws and specifically whether Gogo's filings with the U.S. Securities and Exchange Commission contained untrue statements of material fact or omitted material information in its 2018 and 2019 financial guidance.
On May 4, 2018, Gogo revealed its quarterly earnings results and said that it would not meet its earlier EBITDA profit guidance of $75M-$100M. Gogo then withdrew "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." Following this news, Gogo stock dropped 13% to close at $8.33 per share on May 4, 2018.
Then on May 8, 2018, Moody's lowered Gogo's credit ratings. Following this news, Gogo stock dropped roughly 36% to close at $5.06 per share on May 8, 2018.
If you are aware of any facts relating to this investigation, or purchased Gogo shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/gogo. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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