[asterisk-biz] NYSE:VG - share price

[Frank]

600 million ? ouch.. im glad .. I never buy anything that big.. its ALWAYS
SCAMS. 


Money brings the worst out of people.

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; (4) specifically, that Vonage failed to disclose that Tyco's ADT Security
division took $600 million in charges for accounting improprieties while
defendant Michael Snyder was President of the division;

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Notice is hereby given that a class action lawsuit was filed in the United
States District Court for the District of New Jersey on behalf of all
purchasers of the common stock of Vonage Holdings Corporation (NYSE: VG -
News; "Vonage" or the "Company") who purchased or otherwise acquired Vonage
common stock pursuant or traceable to the Company's May 23, 2006 Initial
Public Offering (the "IPO" or the "Offering") (the "Class"). This claim is
also being brought on behalf of Vonage customers who purchased or otherwise
acquired Vonage common stock through the Vonage Directed Share Program (the
"Subclass").

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If you wish to discuss this action or have any questions concerning this
notice or your rights or interests with respect to these matters, please
contact Schiffrin & Barroway, LLP (Darren J. Check, Esq. or Richard A.
Maniskas, Esq.) toll-free at 1-888-299-7706 or 1-610-667-7706, or via e-mail
at info at sbclasslaw.com.

The Complaint charges Vonage, the underwriters of its IPO, and certain of
its officers and directors with violations of federal securities laws. More
specifically, the Complaint alleges that the Company failed to disclose and
misrepresented the following material adverse facts which were known to
defendants or recklessly disregarded by them: (1) that Vonage's technology
platform experienced problems carrying telephone data over the networks of
certain Internet service providers, including Time Warner Inc.'s AOL; (2)
that Vonage's Voice over Internet Protocol technology did not properly allow
facsimile transmissions; (3) that the Company did not adequately inform
investors about the history of Vonage's management team; (4) specifically,
that Vonage failed to disclose that Tyco's ADT Security division took $600
million in charges for accounting improprieties while defendant Michael
Snyder was President of the division; (5) that the Company did not
adequately inform Vonage customers that opened brokerage accounts and
participated in Vonage's Directed Share Program concerning the customers'
obligations to purchase allocated shares; and (6) specifically, that Vonage
customers that participated in the Directed Share Program were obligated to
purchase allocated shares before they received notice that their conditional
offers had been accepted, and were led to believe that the IPO would take
place later than May 23, 2006.