Thieler Law Corp advises investors with losses exceeding $100,000 of the August 27, 2018 lead plaintiff deadline in a class action lawsuit filed against Gogo Inc (NASDAQ: GOGO) (“Gogo” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased Gogo Inc securities between February 27, 2017 and May 7, 2018, have until August 27, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Gogo 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 Gogo’s 2Ku antenna had more reliability issues than the public was led to believe; 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; consequently, Gogo would not be able to meet its previously issued 2018 guidance; and as a result, the company’s financial statements were materially false and misleading at all relevant times.

On May 4, 2018, the Company revealed its first quarter 2018 financial results, stating that it was “withdrawing 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, NASDAQ: GOGO fell $1.73 or 18% to close at $7.86 per share on May 7, 2018.

On May 7, 2018, Moody’s reduced Gogo’s credit ratings.

Following this news, NASDAQ: GOGO fell $2.80 or over 35% to close at $5.06 per share on May 8, 2018.

If you were negatively impacted by your investment in Gogo Inc securities between February 27, 2017 and May 7, 2018 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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