May 02, 2016
MagicJack Vocaltec Ltd. urged a New York federal judge to let it seek dismissal of a proposed securities fraud class action Monday, saying an investor is just trying to buy time to shore up "thinly pled" allegations that MagicJack executives lowballed expected earnings.
March 14, 2016
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.