NEW YORK, March 10, 2017 (GLOBE NEWSWIRE) -- Shepherd, Finkelman, Miller & Shah, LLP (“SFMS”) announces that a class action lawsuit has been filed in the United States District Court for the Central District of California (Civil Action No. 17-01479) against Global Eagle Entertainment Inc. (“Global Eagle” or the “Company”) (Nasdaq:ENT) and certain of its officers and directors. The case seeks remedies under the Securities Exchange Act of 1934 (the “Exchange Act”) and is brought on behalf of a class consisting of all persons or entities who acquired Global Eagle securities between July 27, 2016 and February 17, 2017, inclusive (the “Class Period”). If you would like to discuss this action or have any questions regarding this notice or your rights, please contact either Bruce Parke (bparke@sfmslaw.com) or Jonathan Dilger (jdilger@sfmslaw.com); (866) 540-5505.
The Complaint alleges that, throughout the Class Period, Global Eagle made false and/or misleading statements and/or failed to disclose that: (1) the Company failed to appropriately account for the its acquisition of Emergency Markets Communications; (2) consequently, the Company’s internal controls over financial reporting were ineffective; and (3) as a result of the foregoing, defendants’ financial statements were materially false and misleading at all relevant times.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. If you purchased or otherwise acquired Global Eagle securities during the Class Period, we encourage you to contact us with any questions prior to the April 24, 2017 lead plaintiff motion deadline.
SFMS is recognized as an accomplished firm in the areas of securities, corporate governance, antitrust and employee benefits litigation with offices in California, Connecticut, Florida, New Jersey, New York and Pennsylvania, as well as affiliate offices in London, England and Milan, Italy. SFMS has recovered hundreds of millions of dollars on behalf of investors. For more information visit us at http://www.sfmslaw.com.