Just Got off the phone with Duane Morris

Posts: 4 · New Forum Member Joined: Nov 17, 2006 Posts: 4

Per my conversation they are not authorized to mark your credit at this time, only file a claim against you for arbitration.

Posts: 8 · New Forum Member Joined: Nov 26, 2006 Posts: 8

'they' who? Duane Morris or the lawyer / Vonage? Duane has no bone to pick with you at this point - your account was paid off and closed (by Vonage), right? That's based on the IPO papers that Vonage was going to cover any losses the brokers incur. so they (duane morris) have nothing to arbitrate with you. It's Vonage that is out the money.

Then the question is - do they have any recourse with your or can they just keep threatening you?

Posts: 4 · New Forum Member Joined: Nov 17, 2006 Posts: 4

"They" being Justing at Duane Morris. He did say they were not representing UBS. (whom was my broker requesting payment originally) I'm a little confused on DM's involvment if not to collect the money for Vonage then. I think there only recourse at the moment is arbitration which he would not talk to me about. I asked then when and where the arbitration would take place, to which he responded "I am not legally obligated to respond to that and I wont"
I then asked if he could get copies of my phone logs with UBS for my arbitration hearing to which he said he would try to do? I'm sure UBS deleted these long ago for me though. someone else should try calling him to clarify exactly who DM is representing and why. Please post response here if you do. His number
212-692-1073 (This is on there letterhead as well)

Posts: 2 · New Forum Member Joined: Sep 26, 2006 Posts: 2

Duane Morris are the attorneys representing DSC LLC (or some entity similarly named) which is a subsidiary of Vonage created, I believe, solely to collect claims from those that didn't pay, that Vonage believed were obligated to pay.

Posts: 8 · New Forum Member Joined: Nov 26, 2006 Posts: 8

from those that didn't pay, that Vonage believed were obligated to pay......

but in fact don't have any obligation? People signed an agreement with the broker. the broker has been made whole by Vonage paying the debt... end of story?

If a bunch of people owe a credit card some money... someone else could pay off the debts. but then they can't (legally) come after those people they just covered their debts. They may bully the group ad infinitum threatening to sue. and I guess they could actually sue... but if they ever did sue / go to arbitration, there's no contract between those nice people that paid off the debt and the debters. sure the credit card company can hire a collection company but this is not the case?

Posts: 4 · New Forum Member Joined: Nov 17, 2006 Posts: 4

Well, seeing as how they can't mark your credit. The worst case scenario is they take you to arbitration and you lose and you have to pay what they want you to pay anyway. Therefore I see no advantage in paying now. And who knows what could happen between now and arbitration that may nullify the whole thing. Also, if it gets to arb. and you decide you dont want to go through it you could always just pay at the last minute and problem solved. (I would be willing to bet they would settle for less even at that point as they could always lose the arb. case and get nothing)
The more of us that don't pay up easy for them the more likely they don't collect on there fraud or at least it costs them more to collect.

I look forward to the Arbitration if it comes to that. At the very least it will be a very interesting learning experience. If I'm going to have to pay these cronies I may as well get something out of it and make the work for it. DO YOU HEAR THAT CRONIES?????

I wonder if any of those cronies are trolling these boards.

Anyone working for DSP LLC or Vonage or anyone related or there brokers or attorneys on these boards announce yourself.

Posts: 17 · Vonage Forum Associate Joined: May 23, 2006 Posts: 17

My lawyer sent a response to Duane Morris today outlining the fact that they ("Duane Morris") are not legally in a position to collect (only UBS is) and the 5 other reasons their case has no merit. (solicited customers, technical issues with prospectus, pending class actions etc..)

Let's see what happens Smile

Posts: 33 · Vonage Forum Junior Joined: Jun 01, 2006 Posts: 33

Has there been any followup? I settled for 40 cents on the dollar. Figured it was worth it for $200.

What is going on? Has arbitration started?

Or was this a big hoax.

.

Posts: 5 · New Forum Member Joined: Jan 17, 2007 Posts: 5

I guess I don't understand, are these posts from people who agreed to buy stock and are now reneging. My opinion is that you should stick to the original agreement. The stock price will likely return to $17 a share within 1 1/2 years.

People who are getting away with this owe Vonage big time for covering their debts.

Posts: 293 · Vonage Forum Master Joined: Jan 22, 2006 Posts: 293

Vince682 wrote:

... The stock price will likely return to $17 a share within 1 1/2 years.

People who are getting away with this owe Vonage big time for covering their debts.

Or $2.00.

I try not to post much in these parts of the forum. But I'd be very surprised if VG has hit its bottom.

But I've been wrong before (once I think), and I'll probably be wrong again. (well maybe someday)