NEW YORK, March 24, 2016 (GLOBE NEWSWIRE) -- In a release issued under the same headline on March 21st, 2016 by The Law Offices of Vincent Wong please note that in the second and fourth paragraph the links should go to the Information Request Form for magicJack VocalTec Ltd. and not IRSA Inversiones y Representaciones S.A. The corrected release follows:
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who sold magicJack VocalTec Ltd. (NASDAQ:CALL) securities between November 12, 2013 and March 12, 2014.
Click here to learn about the case: http://docs.wongesq.com/CALL-Info-Request-Form-1147. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period, magicJack misrepresented the Company’s expected financial performance in a scheme to artificially deflate the price of magicJack’s securities. Due to the misrepresentations made by defendants, members of the Class sold or otherwise divested magicJack’s common stock at artificially deflated prices, thus incurring losses. When the Company’s alleged misrepresentations and fraudulent conduct became apparent, the price of magicJack’s shares dramatically increased, as the artificial depression was removed from the share price.
If you suffered a loss in magicJack you have until May 13, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/CALL-Info-Request-Form-1147.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.