Sign up
 Vonage  

       
 
Vonage Forum Menu

Vonage Forums
Vonage VoIP Forum
MichaelMub Posted:
PORN...
In The Forum:
Hard Wiring - Installation
Topic:
The best pron
On Dec 05, 2016 at 22:20:50

Wickyvum Posted:
blocking viagra
viagra emails
viagra without a
doctor
prescription
ed treatments
...

In The Forum:
Hard Wiring - Installation
Topic:
Set-up tight-fisted generics no medicine
On Dec 05, 2016 at 17:40:46

tplink Posted:
Im trying to add
my HT802 vonage
adapter to my home
network. I
currently have
...

In The Forum:
Hard Wiring - Installation
Topic:
Vonage behind switch
On Dec 05, 2016 at 06:35:11

MichaelMub Posted:
PORN...
In The Forum:
Vonage
Topic:
The best pron
On Dec 04, 2016 at 10:22:56

Dwightkaw Posted:
kredyt bez
zaświadcze
24; kredyt bez
zaświadcze
24; o dochodach
...

In The Forum:
Vonage
Topic:
kredyt bez zaświadczeń
On Dec 03, 2016 at 03:27:10

Kevingrarl Posted:
Су
95;ас&
#1085;иl
1;
пі
76;пр&
#1080;&
...

In The Forum:
Vonage
Topic:
Сучас&
On Dec 02, 2016 at 12:51:38

IsaawUnace Posted:
does cialis work
as well as cialis
add.cgi buy
cialis cialis
the team <a
...

In The Forum:
Vonage
Topic:
Condition good pill instead of ed
On Dec 01, 2016 at 11:11:59

MatrickVop Posted:
buy cialis today
columbus oh
generic cialis
buy cialis online
registered users
...

In The Forum:
Vonage
Topic:
Classify miserly pills no means
On Nov 28, 2016 at 10:42:47

dracossumo Posted:
Ко
84;па&
#1085;иn
3; Tritel
пр
77;до
...

In The Forum:
Vonage
Topic:
&#1048;&#1085;&#1090;&#1077;&#1088;&
On Nov 27, 2016 at 23:00:39

DWSupport Posted:
After recent
Vonage update that
took place on the
4th and 5th of
Nov. E-mails with
...

In The Forum:
Vonage
Topic:
Voicemail Not Forwarding to Outlook Accounts
On Nov 10, 2016 at 12:23:26


Vonage VoIP Forums

Vonage In The News
Vonage Holdings Corp. Reports Fourth Quarter and Full Year 2013 Results

Carolyn Katz Elected to Board of Directors of Vonage Holdings Corp.

Syndication

Vonage Customer Reviews
Vonage vs. Time Warner Cable SoCal
Vonage vs. Time Warner Cable SoCal



Vonage UK Review
Vonage UK Review



Vonage Pros and Cons for 2006
Vonage Pros and Cons for 2006



Vonage, a VT2142 and a RTP300, My Experiences - A Detailed Review
Vonage, a VT2142 and a RTP300, My Experiences - A Detailed Review



Salt Lake City: impressions after several months
Salt Lake City: impressions after several months




Vonage Reviews


Post new topic   Reply to topic  Vonage® VoIP Forum - Vonage News, Reviews And Discussion » Vonage Stock
Author Message
arsveloce
Vonage Forum Associate
Vonage Forum Associate


Joined: Jun 01, 2006
Posts: 12

PostPosted: Wed Jun 07, 2006 4:02 pm    Post subject: New Suit Reply with quote Back to top

Today, the FOURTH lawsuit has been flied against Vonage Holdings. I know that the first three were all filed in the U.S. District Court of New Jersey. I am not sure where the fourth one was filed, but likely the same. It is likely that the cases will all be joined.
View user's profile Send private message
rudedog40
Vonage Forum Junior
Vonage Forum Junior


Joined: May 30, 2006
Posts: 29

PostPosted: Wed Jun 07, 2006 4:51 pm    Post subject: The ambulance chasing has started Reply with quote Back to top

Securities Class Action Filed Against Vonage, Inc. -- Institutional Investors Encouraged to Contact KGS

Last Update: 4:58 PM ET Jun 7, 2006


NEW ORLEANS, LA, Jun 07, 2006 (MARKET WIRE via COMTEX) -- Kahn Gauthier Swick, LLC (KGS) hereby gives notice that it has filed a class action lawsuit in the United States District Court for the District of New Jersey on behalf of purchasers of the common stock of Vonage Holdings Corp. ("Vonage" or the "Company") (VG : Vonage hldgs corp com
News , chart, profile, more
Last: 11.99-0.11-0.91%

4:36pm 06/07/2006

Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
VG11.99, -0.11, -0.9%) . KGS encourages all institutional investors, money managers or large individual investors that have suffered a loss related to their investments in Vonage, to seek counsel.
IF YOU ARE AN INSTITUTIONAL INVESTOR OR IF YOU HAVE SUFFERED A SIGNIFICANT LOSS RELATED TO YOUR INVESTMENT IN Vonage, YOU ARE ENCOURAGED TO CONTACT KGS IMMEDIATELY AT 1-866-467-1400, ext. 100.
The complaint filed by KGS alleges the company and certain named officers and underwriters violated the federal securities laws by publishing a materially false and misleading joint Registration Statement and Proxy-Prospectus in connection with its May 24, 2006 Initial Public Offering. Specifically, the complaint alleges that defendants failed to ensure that IPO shares distributed to their retail customers were done so in compliance with SEC and Exchange rules. According to the complaint, defendants violated these rules to create artificial demand for their IPO, after they realized that interest in the Vonage Offering was low among institutional investors. The complaint also charges that, because the Company had indemnified underwriters against the risk that Vonage customers would not pay for their IPO shares, that the underwriters who were responsible for distributing the shares and maintaining the Vonage customer accounts, also failed to conduct a proper due diligence investigation in connection with the Vonage IPO. Thus, as a result of many inexperienced and unsuitable investors being improperly allocated significant numbers of shares in the IPO, and because of other problems related thereto, once sold, Vonage shares declined more than 30% in the first seven trading days. The decline in value of these shares has been substantially exacerbated by many Vonage customers now refusing to pay for their shares.
KGS has represented institutions and large investors in diverse actions and has significant experience in securities class action contingent-fee litigation. KGS encourages any fund managers or large investors who suffered losses as a result of their investment in Vonage to contact Lewis Kahn of KGS toll free 1-866-467-1400, ext. 100, or at 504-648-1850, or by email at lewis.kahn@kglg.com. Further information may also be found at http://www.kglg.com/case/case.asp?lngCaseId=4830.


Reading the information above, this lawsuit appears baseless, and sounds like nothing more than a lawyer who doesn't know the theories behind an IPO buy. Probably one of the whiners that's been posting here thinking he got ripped off because his stocks didn't double the first day.
View user's profile Send private message
Kaushal
New Forum Member
New Forum Member


Joined: May 31, 2006
Posts: 7

PostPosted: Thu Jun 08, 2006 1:59 pm    Post subject: Re: The ambulance chasing has started Reply with quote Back to top

rudedog40 wrote:
Securities Class Action Filed Against Vonage, Inc. -- Institutional Investors Encouraged to Contact KGS

Reading the information above, this lawsuit appears baseless, and sounds like nothing more than a lawyer who doesn't know the theories behind an IPO buy. Probably one of the whiners that's been posting here thinking he got ripped off because his stocks didn't double the first day.


Many folks would be fine with this IPO, had it stayed flat or at least 90%+ of IPO price. The way it fell, it is obvious it was mispriced..
View user's profile Send private message
manse
Vonage Forum Associate
Vonage Forum Associate


Joined: Jan 17, 2006
Posts: 13

PostPosted: Thu Jun 08, 2006 4:04 pm    Post subject: Re: The purpose of an IPO Reply with quote Back to top

pcapelli wrote:
BMoore wrote:
I believed in this company to price their stock accordingly... the stock was to reward their loyal customers and unfortunately, they just upset 10,000 of their most loyal customers.

I hope this works out.


The purpose of an IPO is *not* to reward the company's loyal customers. It is to raise cash for the company. Period.

The prospectus, and the vonageipo site, repeatedly warned that the company never made money; would not make money for the forseeable future; and may never make money. Additionally, it warned that Management, the Board, and the Underwriters explicity recommended against the purchase of Vonage shares.

They could not have been more specific in their warnings. The only thing this lawsuit does is drive down the value of Vonage shares even more, and cause it to spend IPO investor money on lawyers to defend itself.


"Specifically, the lawsuit claims this pre-IPO share sale violated NASD Rule 2310, which requires that a company recommending the purchase of its shares to a customer "must have a reasonable basis for believing that the recommendation is suitable for the customer."

The lawsuit alleges Vonage and its associated had no such reasonable basis "and improperly crammed investors into the Vonage IPO regardless of their suitability."

http://www.cbronline.com/article_news.asp?guid=50B29DFC-DA40-4A81-A88B-0216E13E8FAA
View user's profile Send private message
pcapelli
New Forum Member
New Forum Member


Joined: Jan 30, 2005
Posts: 7

PostPosted: Thu Jun 08, 2006 6:26 pm    Post subject: Re: The purpose of an IPO Reply with quote Back to top

manse wrote:
"Specifically, the lawsuit claims this pre-IPO share sale violated NASD Rule 2310, which requires that a company recommending the purchase of its shares to a customer "must have a reasonable basis for believing that the recommendation is suitable for the customer."

The lawsuit alleges Vonage and its associated had no such reasonable basis "and improperly crammed investors into the Vonage IPO regardless of their suitability."


Yet, on the vonageipo www site, you had to click through repeated warnings about the IPO, including the statement that neither Vonage's Board, nor it's Management, recommended the purchase of Vonage shares.

As to being 'crammed' into the Vonage IPO, please explain how that happened to any investor. Was a gun held to their head? Service disconnection threatened? No.
View user's profile Send private message
audiotron
Vonage Forum Junior
Vonage Forum Junior


Joined: Jun 01, 2006
Posts: 33

PostPosted: Thu Jun 08, 2006 7:14 pm    Post subject: Reply with quote Back to top

No one was "crammed.' Obviously we participated with our own free will. The problem is that the rules were not followed and it was impossible for people to sell shares once the market opened.

First, my screen said I was allocated zero. I never rechecked.
Second, no one sent an email to me indicating tht the offering as priced to let me then decide whether I wanted to participate
Third, the terms and conditions clearly state three important facts. 1. All disputes will be handled by an arbitrator. 2. If you decide NOT to pay for the shares, they will be reallocated. 3. you must read all prospectus and amendments (I never read the amendments) since they were filed almost immediately before the IPO was priced.

I was waiting for my confirmation email and never got one.

So thats where the issues are and Vonage will have to sue me for the money and, if after we go to court, and I lose. I will not only pay but I will cancel my service. so its a lose-lose for VG.
View user's profile Send private message
gfoulks
Vonage Forum Master
Vonage Forum Master


Joined: Jan 18, 2004
Posts: 243

PostPosted: Thu Jun 08, 2006 8:38 pm    Post subject: Reply with quote Back to top

They will sue you and they don't care if they lose you as a customer. You don't live up to your commitments so why keep you around? You can go cheat some other company.

I can't belive how easily you admit you screwed up and didn't read or do as you were instructed in this IPO process.
View user's profile Send private message
audiotron
Vonage Forum Junior
Vonage Forum Junior


Joined: Jun 01, 2006
Posts: 33

PostPosted: Thu Jun 08, 2006 9:35 pm    Post subject: Reply with quote Back to top

you have it all backwards. they cannot sue me (must be arbitration). and 2. why keep me around? Because according to their valuation.. Im worth about $1700 to them.
View user's profile Send private message
pcapelli
New Forum Member
New Forum Member


Joined: Jan 30, 2005
Posts: 7

PostPosted: Thu Jun 08, 2006 10:26 pm    Post subject: Reply with quote Back to top

audiotron wrote:
So thats where the issues are and Vonage will have to sue me for the money and, if after we go to court, and I lose. I will not only pay but I will cancel my service. so its a lose-lose for VG.


I thought you said you'd go to arbitration. If the mediator decides you should pay, would you?

I agree that there were issues with the offering, perhaps, but then your beef is with the underwriters, not Vonage.
View user's profile Send private message
gfoulks
Vonage Forum Master
Vonage Forum Master


Joined: Jan 18, 2004
Posts: 243

PostPosted: Thu Jun 08, 2006 10:54 pm    Post subject: Reply with quote Back to top

audiotron wrote:
No one was "crammed.' Obviously we participated with our own free will. The problem is that the rules were not followed and it was impossible for people to sell shares once the market opened.

First, my screen said I was allocated zero. I never rechecked.
Second, no one sent an email to me indicating tht the offering as priced to let me then decide whether I wanted to participate
Third, the terms and conditions clearly state three important facts. 1. All disputes will be handled by an arbitrator. 2. If you decide NOT to pay for the shares, they will be reallocated. 3. you must read all prospectus and amendments (I never read the amendments) since they were filed almost immediately before the IPO was priced.

I was waiting for my confirmation email and never got one.

So thats where the issues are and Vonage will have to sue me for the money and, if after we go to court, and I lose. I will not only pay but I will cancel my service. so its a lose-lose for VG.


Audiotron lets look at your points individually.

You said "The problem is that the rules were not followed and it was impossible for people to sell shares once the market opened."

What proof do you have? All you had to do was call your broker and place your order. If you placed an order and it wasn't executed. Then your issue is with the broker.

Your said "First, my screen said I was allocated zero. I never rechecked."

Well whos fault is it that you didn't recheck? Yours.

You said "Second, no one sent an email to me indicating that the offering as priced to let me then decide whether I wanted to participate"

The website clearly stated that all information would be posted to the website and you had to acknowledge that no other types of notices though possible would not be guaranteed.

You said "Third, the terms and conditions clearly state three important facts. 1. All disputes will be handled by an arbitrator."

True statement arbitration is the first step in settling disputes. A possible result of arbitration could be legal action.

You said " 2. If you decide NOT to pay for the shares, they will be reallocated."

Wrong nowhere does it say that "If you decide NOT to pay for shares, the will be reallocated" The terms state that the underwriters will not be held liable for shares that are not paid for or returned. Liability still remains with the individual investor.

You said "3. you must read all prospectus and amendments (I never read the amendments) since they were filed almost immediately before the IPO was priced."

Again, whos fault is it that you didn't do what you were instructed to do?


Arbitration will be in your future and I can assure you that there will be a quick decision not in your favor. My advice is to consult with an attorney to formulate your strategy after arbitration has concluded.
I was waiting for my confirmation email and never got one.

So thats where the issues are and Vonage will have to sue me for the money and, if after we go to court, and I lose. I will not only pay but I will cancel my service. so its a lose-lose for VG.
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


All times are GMT - 5 Hours

Vonage Service Plans


Vonage VoIP Members
Members List Members
New wendyai2
New Today 5
Yesterday 7
Total 99021

Who Is On Site
Visitors 106
Members 0
Total 106


Vonage VoIP Forum Members:
Login Here
Not a Member? You can Register Here
As a registered member you will have access to the VoIP Speed Test, Vonage Service Announcements and post comments in the
Vonage VoIP Forums

Vonage Stock Price
Value: 6.70
Change:   N/A
Up to 15 Minute Delay

Site Search
 






†AK and HI residents pay $29.95 shipping. ††Limited time offer. Valid for residents of the United States (&DC), 18 years or older, who open new accounts. Offer good while supplies last and only on new account activations. One kit per account/household. Offer cannot be combined with any other discounts, promotions or plans and is not applicable to past purchases. Good while supplies last. Allow up to 2 weeks for shipping. Other restrictions may apply.

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.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

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.

** Certain call types excluded.

www.vonage-forum.com is not an official Vonage support website & is independently operated.
All logos and trademarks are property of their respective owners. All comments are property of their posters.
All other www.vonage-forum.com content is © Copyright 2002 - 2013 by 4Sight Media LLC.

Thinking of signing up for Vonage but have questions?
Business and Residential customers can call Toll Free 24 hours a day at: 1-888-692-8074
No Vonage Promotion Code or Coupon Codes are required at www.vonage.com to receive any special,
best Vonage cheap deals, free sign up offers or discounts.

[ | | | | | ]

Vonage Forum Site Maps

Vonage | VoIP Forum | How VoIP Works | Wiring and Installation Page Two | International Rate Plans 2 | Internet Phone
Promotion | Vonage Review | VoIP | Broadband Phone | Free Month | Rebate | Vonnage | Vontage | VoIP | Phone Service
Phone | llamadas ilimitadas a Mexico | Latest News | VoIP Acronyms | Deal | Philippines Globe Phone | Site Maps

The Vonage Forum provides the Vonage sign up Best Offer Promotion Deal.
If you are considering signing up for Vonage and have found our Vonage News, Customer Reviews, Forums
& all other parts of this site useful, please use our Vonage Sign up page.


Vonage VoIP Phone Service is redefining communications by offering consumers
& small business VoIP Internet phones, an affordable alternative to traditional phone service.
The Vonage VoIP Forum Generated This Page In: 0.90 Seconds and 563 Pages In The Last 60 Seconds
The Vonage VoIP Forum