Gogo, Investors Reach $17.3 Million Deal in Plane Wi-Fi Lawsuit

Gogo Inc. investors who say the company misled them about problems with its in-flight Wi-Fi products asked a federal judge in Illinois for permission to move froward with a $17.3 million settlement.

The cash deal recovers about 8% of the maximum damages available, the in-flight connectivity company’s investors said in a memo filed in support of their preliminary settlement approval in the U.S. District Court for the Northern District of Illinois.

Investors accuse Gogo of making misleading statements about its then-new antenna-and-satellite-based in-flight Wi-Fi system. Judge Jorge L. Alonso in 2021 rejected a company attempt to have the suit thrown ...