Airline Internet Provider Dodges Investor Suit Over Wi-Fi Woes
Law360 (October 17, 2019, 3:26 PM EDT) -- Airline internet provider Gogo Inc. escaped a proposed shareholder class action over the reliability of its Wi-Fi services Wednesday after an Illinois federal judge found that the investors didn't include specific enough facts to support their securities fraud claims.
U.S. District Judge Jorge Alonso found that Gogo's purported misstatements, which investors say covered up a defect in its 2Ku antenna-and-satellite-based aircraft Wi-Fi system, could have been made for a variety of reasons that don't necessarily point to securities fraud.
He dismissed the suit without prejudice, ruling that the shareholders' arguments were too vague at this point to conclude that Gogo purposely...
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