We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

NYSE Probes Possible Vonage Short-Selling

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.