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Vonage I again suggest not paying, or at most counteroffering 25 cents on the dollar. In



I again suggest not paying, or at most counteroffering 25 cents on the dollar.

In reality, if you bought IPO shares from the directed share program you have, according to the best securities lawyers in the country, been defrauded. Vonage's IPO was overpriced by more than 100%. Furthermore, there were numerous technical violations of securities laws, for example solicitations being sent out to buy shares without a link to Vonage's prospectus.

Each and every detail of the VG IPO sticks to high heavens. My guess is that one of the first things the class action lawyers who represent all of you will do is request a restraining order against Vonage from taking any collection actions.

Once you pay you may never get your money back. But certainly the lawsuit has a very good chance of protecting you.

I suggest you call up the class action lawyers and ask them if they will file requesting a Tempory Restraining Order, and fax the collection letter sent to you. Right now the law firms are probably jostling for "lead counsel" status. Being the firm that gets a TRO against Vonage is a big leg up in this fight.

Best to just hold out for a while.



Read The Full Thread:

got a letter from a lawyer saying I have to pay


i was one of the people that initially was allocated zero shares and did not know
I got the same letter yesterday, but I supposely owe $700.
Got the same for about $900.00. We should hire one attorney, consolidate our counter
Maybe I'll send them a dollar each time they send me a letter. :evil:
I also got letter that I owe $1000. There has been no invoice sent to me from DSP,
Who is the DSP, LLC that you were talking about?
they can come to rhode island if they want and sue me in small claims court for their
Any of us still vonage customers? yes probably, I will definitely consider switching
The lawfirm Duane Morris is willing to settle at take 50 cents on the dollar. So
Did they actually offer you 50 cents to the dollar or are you hoping they accept

BigTime posted "I again suggest not paying, or at most counteroffering 25 cents on the dollar. In" on 09/14/2006

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1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

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HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

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