Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Derivative

Shareholders say in a federal derivative complaint that directors of the airline internet-service company Gogo misled investors about technical problems with its 2Ku antenna system.

CHICAGO — Shareholders say in a federal derivative complaint that directors of the airline internet-service company Gogo misled investors about technical problems with its 2Ku antenna system. The share price fell by 44 percent in a week when the truth came out, from $9.09 to $5.06.

Categories / Securities, Technology

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...