Thieler Law Corp advises investors with losses exceeding $100,000 of the April 24, 2017 lead plaintiff deadline in a class action lawsuit filed against Global Eagle Entertainment Inc (NASDAQ: ENT) (“Global Eagle” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Global Eagle Entertainment Inc securities between November 9, 2016 and February 20, 2017, have until April 24, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Global Eagle Entertainment Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Global Eagle’s remediation plans to address the material weaknesses in its internal controls over financial reporting were deficient; and 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.

On February 21, 2017, the Company filed its Form 8-K with the SEC disclosing its CEO, Dave Davis and CFO, Tom Severson had resigned.  Also, Global Eagle disclosed it expected to untimely file its 2016 Form 10-K in part because of the CFO’s departure and due to “its need to complete additional financial-closing procedures associated with the Company’s material weaknesses in internal control over its financial reporting.”

Following this news, NASDAQ: ENT  dropped $1.98 per share, or over 31.8%, over two trading days to close at $4.24 per share on February 22, 2017.

If you were negatively impacted by your investment in Global Eagle Entertainment Inc securities between November 9, 2016 and February 20, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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