Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
Ethiopian Airlines Expands Fleet with New Boeing 787 Dreamliner Order to Boost Global Routes 
JAPEX Shares Drop as Middle East Tensions Drive LNG Costs and Production Risks 
Elon Musk Faces French Probe Over X and Grok Amid Rising U.S.-EU Tensions 
Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges 
NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed 
Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting 
Polymarket Seeks $400M Funding Round, Targets $15B Valuation Amid Prediction Market Boom 
SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows 
Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus 
J.P. Morgan Downgrades Essity AB on Rising Costs and Weak Earnings Outlook 
SK Hynix Launches 192GB SOCAMM2 Memory for Nvidia’s Next-Gen AI Chips 
Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic 
John Ternus Signals Apple’s Future with Product-First AI Strategy 
Indonesia and Toyota Explore $300M Bioethanol Investment to Boost Renewable Energy Goals 
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility 
Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO 
 announced by Shareholders Foundation - EconoTimes)
SAN DIEGO, March 07, 2017 -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in California for certain purchasers of shares of Global Eagle Entertainment Inc (NASDAQ:ENT) over alleged Securities Laws Violations by Global Eagle Entertainment Inc.
Investors, who purchased shares of Global Eagle Entertainment Inc (NASDAQ:ENT), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On February 21, 2017, Global Eagle Entertainment Inc announced that Dave Davis, the Company’s CEO, and Tom Severson, the Company’s CFO, had both resigned effective immediately. Global Eagle Entertainment Inc further disclosed that it would be unable to timely file its 2016 annual report, and that it would need to withdraw its guidance for 2016 financial performance.
On February 23, 2017, a lawsuit was filed against Global Eagle Entertainment Inc over alleged violations of Securities Laws. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Global Eagle Entertainment’s remediation plans to address the material weaknesses in its internal controls over financial reporting were deficient, and that as a result, Defendants’ statements about the Company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
Those who purchased Global Eagle Entertainment Inc (NASDAQ:ENT) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 [email protected] 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
