Vonage Says Deal Pending In Shareholder IPO Suit

Law360, New York (June 18, 2009, 12:00 AM EDT) -- An end may be near in contentious litigation between Internet phone provider Vonage Holdings Corp. and a group of shareholders claiming that the company made false statements in the run-up to its 2006 initial public offering.

Holmdel, N.J.-based Vonage announced Wednesday that it had reached an agreement in principle on settlement terms with shareholders, although no dollar figures were given in the announcement.

According to the company's statement, the deal includes a release and dismissal of stockholder claims against Vonage and all individual named defendants in...
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