Magicjack Execs Lowballed Stock Value, Investor Suit Says

By Pete Brush (March 14, 2016, 3:18 PM EDT) -- An investor hit Magicjack Vocaltec Ltd. Friday with a proposed securities fraud class action that claims top executives lowballed the Israel-headquartered cloud communications company's financial picture, prompting investors to dump their stock ahead of a strong earnings announcement that drove its New York-traded shares higher....

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