An investigation on behalf of investors in Global Eagle Entertainment Inc (NASDAQ:ENT) shares over potential wrongdoing at Global Eagle Entertainment was announced and NASDAQ:ENT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/22/2016 -- An investigation on behalf of investors in shares of Global Eagle Entertainment Inc (NASDAQ:ENT) was announced over potential breaches of fiduciary duties by certain directors.
Investors who purchased shares of Global Eagle Entertainment Inc (NASDAQ:ENT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Global Eagle Entertainment 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.
On September 21, 2016, NASDAQ:ENT shares closed at $8.19 per share.
Those who purchased shares of Global Eagle Entertainment Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com