NYSE Probes Possible Vonage Short-Selling

Law360, New York (June 12, 2006, 12:00 AM EDT) -- Under fire from all sides, the Vonage Holdings Corp. initial public offering has come under attack by the New York Stock Exchange this week, with the agency's regulatory unit sending a letter to brokerage firms inquiring about possible short sales of Vonage shares.

Regulators are set to determine whether short-selling may have contributed to the recent decline in Vonage shares, which are down 30% after debuting at $17 a share on May 24 in what quickly became one of the least successful IPOs of the past...
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