LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Global Eagle Entertainment Inc. (“Global Eagle” or the “Company”) (Nasdaq: ENT) concerning possible violations of federal securities laws.
The investigation is centered on whether Global Eagle and some of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 21, 2017, Global Eagle announced that its CEO, Dave Davis, and CFO, Tom Severson, had both left the Company. Global Eagle also noted that it cannot file 2016 annual report on time, and will withdraw its guidance for its 2016 financial performance. When this information was announced to the investing public, the value of Global Eagle declined, causing investors severe harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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