A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of MagicJack VocalTec Ltd (NASDAQ:CALL) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on January 17, 2018 and NASDAQ:CALL investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/17/2018 -- A deadline is coming up on January 17, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of MagicJack VocalTec Ltd (NASDAQ:CALL) between November 12, 2013 and March 12, 2014.
Investors who purchased a significant amount of shares of MagicJack VocalTec Ltd (NASDAQ:CALL) between November 12, 2013 and March 12, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the MagicJack VocalTec Ltd (NASDAQ: CALL) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/magicjack-vocaltec-ltd-nasdaq-call-investor-securities-class-action-lawsuit-03112016
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is January 17, 2018. The class action administrator for this case is JND Legal Administration.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by magicJack VocalTec Ltd in connection with certain allegedly false and misleading statements made between November 12, 2013 and March 12, 2014.
According to the complaint the plaintiff alleges on behalf of Sellers of magicJack VocalTec Ltd (NASDAQ: CALL) common shares between November 12, 2013 and March 12, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 12, 2013 and March 12, 2014 magicJack VocalTec Ltd misrepresented the Company's expected financial performance in a scheme to artificially deflate the price of magicJack VocalTec Ltd's securities. The plaintiff claims that due to the misrepresentations made by defendants, investors sold or otherwise divested between November 12, 2013 and March 12, 2014 magicJack VocalTec Ltd's common stock at artificially deflated prices, thus incurring losses and when the Company's alleged misrepresentations and fraudulent conduct became apparent, the price of magicJack VocalTec Ltd's shares dramatically increased, as the artificial depression was removed from the share price.
Those who purchased shares of MagicJack VocalTec Ltd (NASDAQ: CALL) 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