The in-flight Wi-Fi firm’s investors didn’t sufficiently allege Gogo misled them about problems with a new connectivity system, the U.S. District Court for the Northern District of Illinois said. The allegations didn’t create a strong inference Gogo knew how bad the problems were when it made statements about the system, Judge Jorge L. Alonso said.
Gogo introduced a new, faster airplane Wi-Fi system in 2016, but allegedly didn’t disclose a ...