Welcome to the MagicJack Securities Litigation Website
Your legal rights might be affected if you are a member of the following Class:
ALL PERSONS OR ENTITIES WHO SOLD OR OTHERWISE DIVESTED MAGICJACK VOCALTEC LTD. ("magicJack") SECURITIES BETWEEN NOVEMBER 12, 2013 AND MARCH 12, 2014 (THE "CLASS").
What is this lawsuit about?
Lead Plaintiff has filed this lawsuit alleging that magicJack and its former and current executive officers violated the federal securities laws by making false and misleading statements and/or omitting statements of material fact regarding magicJack’s business by telling investors that magicJack’s fourth quarter and full year revenue for fiscal year 2013 would be less than previously announced. The Defendants filed a motion to dismiss the Action, which the Court denied on November 14, 2016. Defendants deny each and all of the claims and contentions of wrongdoing alleged by Lead Plaintiff in the litigation. They contend that they did not make any materially false or misleading statements, they disclosed all material information required to be disclosed, and any alleged misstatements or omissions were not made with the requisite intent or knowledge of wrongdoing. Defendants also contend that any losses suffered by members of the Class were not caused by any false or misleading statements by Defendants and/or were caused by other events.
How do I obtain more information?
If you would like more information, you may contact the Claims Administrator by calling toll-free 1-844-853-3425, emailing firstname.lastname@example.org or mailing a letter to:
Gormley v. magicJack Vocaltec Ltd. et al,
c/o JND Legal Administration
PO Box 6847
Broomfield, CO 80021
A copy of the Notice is available on the Important Documents page. Inquiries should NOT be directed to the Court, the Clerk of the Court, or Defendants.