Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed against Gogo Inc.

The law firm of Kessler Topaz Meltzer & Check, LLP announces that an
investor securities fraud class action lawsuit has been filed against
Gogo Inc. (Nasdaq: GOGO) (“Gogo”) on behalf of purchasers of Gogo
publicly traded securities between February 27, 2017 and May 7,
2018, inclusive (the “Class Period”).

Gogo investors who purchased securities during the Class Period
may, no later than August 27, 2018, seek to
be appointed as a lead plaintiff representative of the class.

Investors who wish to discuss this securities fraud class action or
request additional information about the lawsuit are encouraged to
contact Kessler Topaz Meltzer & Check attorneys James Maro, Jr. or
Adrienne Bell at (888) 299-7706 or online at: https://www.ktmc.com/new-cases/gogo-inc#join.

Gogo, through its subsidiaries, provides inflight broadband connectivity
and wireless entertainment services to the aviation industry in the
United States and internationally. Gogo’s 2Ku system is an antenna and
satellite-based system which provides additional bandwidth and improved
speeds for wi-fi on airplanes.

The Class Period commences on February 27, 2017, when Gogo filed an
annual report on Form 10-K for the fiscal year ended December 31, 2016
with the SEC, which provided the company’s annual financial results and
position.

On May 4, 2018, Gogo held a conference call. On the call, Gogo’s CEO,
Oakleigh Thorne, addressed the de-icing issues and the 2Ku installation,
stating in relevant part, “The major cause with deicing fluid getting
into the antenna raceways in which the antenna discs spin. We’ve done a
thorough analysis of root causes and discovered that while deicing was
the biggest issue there are also some manufacturing issues and software
issues at fall. We also discovered the deicing fluid entered the antenna
ray down through far more pathways than we originally thought. We fixed
the software issues and we fixed the manufacturing issues.”

Also, on May 4, 2018, Gogo issued a press release entitled “Gogo
Announces First Quarter 2018 Financial Results.” The press release
disclosed that Gogo had to restate some of its guidance for 2018.
Following this news, the company’s shares fell $1.73 per share or over
18% over the next two trading days to close at $7.86 per share on May 7,
2018.

Finally, on May 7, 2018, after the market closed, Moody’s downgraded
Gogo’s credit rating. Following this news, the company’s shares fell
$2.80 per share or over 35.6% to close at $5.06 per share on May 8, 2018.

The complaint alleges that during the Class Period, the defendants made
false and/or misleading statements and/or failed to disclose that: (1)
Gogo’s 2Ku antenna had more reliability issues than the public was led
to believe; (2) 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; (3) consequently, Gogo would not be able to meet its
previously issued 2018 guidance; and (4) as a result, the company’s
financial statements were materially false and misleading at all
relevant times.

Gogo investors may, no later
than August 27, 2018, seek to be appointed as a lead
plaintiff representative of the class through Kessler Topaz Meltzer &
Check, or other counsel, or may choose to do nothing and remain an
absent class member. A lead plaintiff is a representative party who acts
on behalf of all class members in directing the litigation. In order to
be appointed as a lead plaintiff, the Court must determine that the
class member’s claim is typical of the claims of other class members,
and that the class member will adequately represent the class. Your
ability to share in any recovery is not affected by the decision of
whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and
federal courts throughout the country involving securities fraud,
breaches of fiduciary duties and other violations of state and federal
law. Kessler Topaz Meltzer & Check is a driving force behind corporate
governance reform, and has recovered billions of dollars on behalf of
institutional and individual investors from the United States and around
the world. The firm represents investors, consumers and whistleblowers
(private citizens who report fraudulent practices against the government
and share in the recovery of government dollars). The complaint in this
action was not filed by Kessler Topaz Meltzer & Check. For more
information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.

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