NEW YORK, NY--(Marketwired - March 31, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who sold magicJack VocalTec Ltd. ("magicJack") (CALL) between November 12, 2013 and March 12, 2014. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.