600 million ? ouch.. im glad .. I never buy anything that big.. its ALWAYS SCAMS.
Money brings the worst out of people. """"""""""""""""""""""""""""" ; (4) specifically, that Vonage failed to disclose that Tyco's ADT Security division took $600 million in charges for accounting improprieties while defendant Michael Snyder was President of the division; """""""""""""""""""""""""""""""""""""""" Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of New Jersey on behalf of all purchasers of the common stock of Vonage Holdings Corporation (NYSE: VG - News; "Vonage" or the "Company") who purchased or otherwise acquired Vonage common stock pursuant or traceable to the Company's May 23, 2006 Initial Public Offering (the "IPO" or the "Offering") (the "Class"). This claim is also being brought on behalf of Vonage customers who purchased or otherwise acquired Vonage common stock through the Vonage Directed Share Program (the "Subclass"). ADVERTISEMENT If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll-free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at [EMAIL PROTECTED] The Complaint charges Vonage, the underwriters of its IPO, and certain of its officers and directors with violations of federal securities laws. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that Vonage's technology platform experienced problems carrying telephone data over the networks of certain Internet service providers, including Time Warner Inc.'s AOL; (2) that Vonage's Voice over Internet Protocol technology did not properly allow facsimile transmissions; (3) that the Company did not adequately inform investors about the history of Vonage's management team; (4) specifically, that Vonage failed to disclose that Tyco's ADT Security division took $600 million in charges for accounting improprieties while defendant Michael Snyder was President of the division; (5) that the Company did not adequately inform Vonage customers that opened brokerage accounts and participated in Vonage's Directed Share Program concerning the customers' obligations to purchase allocated shares; and (6) specifically, that Vonage customers that participated in the Directed Share Program were obligated to purchase allocated shares before they received notice that their conditional offers had been accepted, and were led to believe that the IPO would take place later than May 23, 2006. _______________________________________________ --Bandwidth and Colocation provided by Easynews.com -- asterisk-biz mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-biz
