You or someone in your family may have sold or divested the publicly traded securities of magicJack listed above between November 12, 2013 and March 12, 2014.
The Court ordered that the Notice be sent to you because you have a right to know about a proposed settlement of a class action lawsuit, and about all of your options, before the Court decides whether to approve the settlement. If the Court approves it and after any objections or appeals are resolved, the Claims Administrator appointed by the Court will make the payments that the settlement allows.
This package explains the lawsuit, the settlement, your legal rights, what benefits are available, who is eligible for them, and how to get them.
The Court in charge of the case is the United States District Court for the Southern District of New York, and the case is known as Gormley v. magicJack Vocaltec Ltd. et al, 1:16-cv-01869. The person who sued is called the Lead Plaintiff, and the companies and the individuals they sued, magicJack, Gerald Vento, and Jose Gordo, are called Defendants. Defendants have agreed to settle the claims made in this case.