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Gormley v. Magijack Vocaltec Ltd. et al
Case Number:
1:16-cv-01869
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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May 02, 2016
MagicJack Seeks To Toss Suit Claiming Stock Fraud
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.
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March 14, 2016
Magicjack Execs Lowballed Stock Value, Investor Suit Says
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.