Tuesday, June 06, 2006

Vonage Shareholders File Lawsuit Over IPO

Yuki Noguchi writes in The Washington Post:

Shareholders of Vonage Holdings Corp. have filed a class-action lawsuit against the Internet telephone company, compounding the troubles stemming from Vonage's initial public offering last month.

The lawsuit, filed Friday in U.S. District Court in New Jersey on behalf of purchasers of Vonage's stock, alleges the company's executives violated securities laws by making "false and misleading" statements about the company's financial condition in its prospectus.

More here.

posted by Fergie @ 6/06/2006 06:38:00 AM

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