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If you purchased shares of Global Eagle Entertainment Inc (NASDAQ:ENT), you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
September 21, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Global Eagle Entertainment Inc (NASDAQ:ENT) was announced over potential breaches of fiduciary duties by certain officers and directors at Global Eagle Entertainment.
The investigation by a law firm concerns whether certain Global Eagle Entertainment officers and directors breached their fiduciary duties.
Global Eagle Entertainment Inc reported that its annual Total Revenue increased from $387.74 million in 2014 to $426.03 million in 2016 and that its Net Loss declined from $57.39 million in 2014 to $2.13 million in 2015.
Shares of Global Eagle Entertainment Inc (NASDAQ:ENT) declined from $15.70 per share in February 2015 to as low as $6.41 per share in June 2016.
